Capital Group New Perspective Fund (AU)
Basic resources dominate
The rise of home computing and personal electronics
A new generation of mobile communications
Innovation in healthcare
The rise of emerging markets and rapid urbanisation of China
The age of digital disruption
For illustrative purposes only.
Today, the winds of change are stirring as the U.S. seeks to dramatically alter its trading relationship with China through steel tariffs and other punitive measures. Just recently, U.S. trade officials vowed to increase the pressure by imposing additional tariffs and seeking to block China’s technology-related investments in the United States. New Perspective portfolio manager, Steve Watson, sat down to discuss his view of increasingly tense U.S.-China trade relations, his outlook on Chinese and global equities, and his flexible approach to guiding NP through periods of volatile markets and geopolitical turmoil.
Past results are not a guarantee of future results.
Data as at 31 July 2018.
1 Results prior to CGNPAU’s launch on 20 November 2015 are derived from the American Funds New Perspective Fund in A$ from 31 March 1973. The strategy is advised by the same portfolio management team managing to the same investment objectives. The returns are after fees and are based on the total management cost of 1.05% p.a. that was applicable to CGNPAU up until 30 April 2017 and 0.95% with effect from 1 May 2017. American Funds are not registered for sale outside of the United States. Source: Capital Group
2 MSCI ACWI ex Australia (with net dividends reinvested) from 20 November 2015; previously MSCI ACWI (with net dividends reinvested) from 30 September 2011 and MSCI World Index (with net dividends reinvested) prior to that. Source: MSCI
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