Capital Research Offers New World Fund

Capital Research & Management of Los Angeles last week introduced the New World Fund, a fund that will focus on emerging markets. Capital Research & Management is known as a conservative company and has opened only five new funds since 1990.

Chuck Freadhoff, a company spokesperson, said the firm sees a lot of growth potential in developing markets, even though they are volatile.

For reprint and licensing requests for this article, click here.
Mutual funds Money Management Executive
MORE FROM FINANCIAL PLANNING