American Funds ®

Insights

Summary

  • Consumer spending is likely to accelerate, supported by a healthy job market, improvements in U.S. housing and upward pressure on wages. This should benefit consumer stocks.
  • Valuations on consumer stocks are not cheap and rising rates could be a headwind. But there are many supporting factors as well.
  • The secular trend toward online shopping is disrupting many areas and is likely to generate new winners and losers — creating opportunities for stock pickers.
  • Restaurants, home improvement and grocery stores are some new areas where the disruptive impact of e-commerce is contributing to upheaval.

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MARKET COMMENTARY  |  June 2015

A Renaissance for Health Care, but Can Economy Keep Up?

An investment analyst discusses the great strides seen in health care innovation and outcomes in recent years, but wonders whether the U.S. economy can support the proliferation of new drugs soon to be on the market.

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Out with the old, in with the new. People of nearly every era have probably surveyed the world around them and marveled at how quickly things can change. But these days, change seems to be setting a new speed record.

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MARKET COMMENTARY  |  June 2015

World Markets Review for May 2015

Global stocks managed a slight gain as investors reacted to mixed reports about the pace of worldwide economic growth. Technology and health care stocks rallied, while the energy sector continued to feel the impact of volatile oil prices on corporate earnings. Japanese stocks advanced on improving economic data. Emerging markets declined amid fears of higher U.S. interest rates. Bonds declined and the dollar rose against the euro and the yen.

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PRODUCTS

American Funds College Target Date Series

Our college target date funds were designed to address the challenges of saving for the rising cost of higher education.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses , which can be obtained from a financial professional and should be read carefully before investing.   

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.  

The statements expressed herein are opinions of the individuals identified, are as of the date published, and do not reflect the opinions of Capital Group or its affiliates. The information provided is intended to highlight issues and not to be comprehensive or to provide advice. Any reproduction, modification, distribution, transmission or republication of the content, in part or in full, is prohibited.