Promises Kept: Reflections on 15 Years of the Global Equity Mandate | Capital Group Canada | Insights



Promises Kept: Reflections on 15 Years of the Global Equity Mandate

Portfolio manager Carl Kawaja discusses the two core principles for creating Global Equity, and looks forward to the future with confidence.


Carl Kawaja: I was involved at the inception of the fund, and I think we had two core principles. One was we thought the Canadian investors would be well-served by having access to markets outside the United States. And I love Canada, but Google‘s in California, Taiwan Semiconductor is in Taipei, Alibaba is in China, you know the list goes on in terms of available opportunities. I think in order to succeed investing over the course of the next 15 or 20 years, and in order to succeed as we perceived it over the next 15 years, it made sense to diversify a little bit outside of Canada. And at the time, we believed that Canadian investors were too insular and typically too invested just in Canadian equities or Canadian bonds, and they needed to look outside the country for investment opportunities in order to do well. 

And the second proposition is that we believed that we would do a good job of providing Canadian investors with access to those markets, because we have a lot of experience investing globally and we‘ve done it for a long time and we thought we could provide that experience for the Canadian investors. 

There‘s a lot that makes me optimistic about the future. I generally am an optimist, and I believe very fervently that the world gets better. I think often we kind of, you know, you can watch TV at night and watch the nightly news and feel like the world‘s getting worse. There‘s global warming, and there are politicians who folks don‘t like, and there‘s terrorism and global pollution and all of these other things that are worrisome. But in lots of ways, the world gets better every day. There‘s been remarkable, incredible innovation in the world that I have seen in my 26 years of investing. 

I‘m a Canadian, as you know, so I‘m very grateful to have been involved with this fund, and with the work that we‘ve done in Canada, and we have tried hard to be of service to Canadian investors, and I can promise you that everyone here is completely dedicated to continuing to do so.


Carl Kawaja
Carl M. Kawaja Portfolio Manager

Carl M. Kawaja is chairman of Capital Research and Management Company, part of Capital Group. He is also an equity portfolio manager. Carl has 32 years of investment experience and has been with Capital Group for 27 years. Earlier in his career, as an equity investment analyst at Capital, he covered global household products and U.S. personal care companies, along with Canadian companies. Before joining Capital, Carl was a security analyst for Gabelli & Company in New York, as well as an equity analyst for Lévesque Beaubien in Montreal. He holds an MBA in finance from Columbia Business School and a bachelor’s degree in history from Brown University graduating magna cum laude. Carl is based in San Francisco.

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