On Feb. 1, 2022, American Funds announced that Joyce Gordon, an equity portfolio manager on American Funds Income Fund of America since July 2020, will retire on July 1, 2022 after 41 years with Capital Group. Brief manager tenures are unusual at American Funds, but Gordon was added to the fund at the same time as two other equity managers from the same investment unit of Capital, and her share of the fund’s assets since joining had not exceeded 4% of assets as of September 2021.
Will AMECX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMECX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AMECX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AMECX’s parent organization’s priorities and whether they’re in line with investors’ interests.