which Foreign mutual fund through American Funds should I do?
Let me first say I know very little about trends in world markets or really anything about economics in general.
I’m 21, just started my first mutual funds through my bank. I’m using American Funds. The two funds I have right now are American Balanced Fund (U.S.) and Capital World Growth & Income (Europe). I’m now planning for next year (May/June) when I plan to put more money in my existing funds and open one more (a growth fund) just so I can be diversified.
So here are my candidates:
Euro-Pacific Fund: Heard this was my best choice, the asian telcom markets are exploding
The New Economy Fund: Lots of tech, mostly U.S. software/telcom
The New World Fund: Very broad investments from Mexico to India, lots of banks and oil/gas, investment in some developing companies
Here’s a page with info on these funds and more:
http://www.americanfunds.com/funds/returns/alphabetically.htm
Thanks for your help! This is money I won’t see til I retire so I’m looking for long term.
Question posted courtesy of: Frank
