Is American Funds Balanced A (ABALX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: NASDAQ.COM
American Funds Balanced A (ABALX) Overview: ABALX is a highly ranked Allocation Balanced mutual fund with strong performance metrics, including a 5-year annualized return of 8.82% and lower volatility compared to its peers, although it has higher fees and a negative alpha indicating challenges in outperforming the benchmark.
Investment Opportunities: With a significant push for U.S. infrastructure rebuilding on the horizon, Zacks Investment Research offers insights into potential stocks that could benefit from this growth, encouraging investors to act early to capitalize on these opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
