Capital Group has announced that Brady Enright stepped down as lead principal investment officer of American Funds Fundamental Investors on April 1. Mark Casey, who has overseen the contributions of a team from Capital International Investors to this strategy since July 2018, will take Enright’s place allocating capital to the managers’ independently run portions of the portfolio. Enright will remain a manager on the strategy. Given Enright’s continued involvement and Casey’s readiness for the lead PIO role, the changes affect neither the strategy’s Above Average People and Process ratings nor its share classes’ respective Morningstar Medalist Ratings.
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