American Funds’ parent Capital Group in April 2021 announced that manager Alex Sheynkman will step off American Funds Capital World Growth & Income’s management team at the end of the month to pursue new opportunities. Following his departure, the firm will distribute his portion of assets to the strategy’s remaining eight-person management team from two Capital Group subsidiaries. The strategy retains its Morningstar Analyst Rating range of Silver to Bronze.
Will CWGIX outperform in future?
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CWGIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CWGIX 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 CWGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.