Capital Group equities

Global equities: Seek new horizons

The benefits of a broader perspective

Our global equity funds have outpaced their indexes

Percentage rolling success rates vs. benchmarks

A series of bar charts shows the rolling monthly success rates for Capital Group's global equity funds. For 1-year, 3-year, 5-year, 10-year, 20-year and 30-year periods, Capital Group's global equity funds had rolling monthly success rates of 61%, 65%, 68%, 74%, 91% and 99%, respectively.

Portfolios that seek greater balance

U.S. vs. non-U.S. exposure

A series of stacked bar charts compares U S and non‑U S equity exposure across Capital Group mutual funds and ETFs with the MSCI World Index and MSCI All Country World Index (ACWI). With the exception of NEF and NWF, the exhibit highlights that Capital Group funds typically have a more balanced allocation than the benchmarks, with a near even exposure to U S and non‑U S equities.

Source: Capital Group. As of 6/30/26. Rolling monthly success rates are for the American Funds® and ETFs noted in the right-hand chart. Observation periods for equity funds are based on individual inception dates and are for the full lifetime of each fund. GIF – American Funds Global Insight Fund, NEF – The New Economy Fund®, NPF – New Perspective Fund®, NWF – New World Fund®, SMALLCAP – SMALLCAP World Fund®, WGI – Capital Group World Growth and Income Fund®, CIB – Capital Income Builder®, GBAL – American Funds Global Balanced Fund, CGDG – Capital Group Dividend Growers ETF, CGGE – Capital Group Global Equity ETF, CGGO – Capital Group Global Growth Equity ETF, MSCI World – MSCI World Index, MSCI ACWI – MSCI All Country World Index (ACWI).

Global equity-focused offerings

Seeking growth without boundaries

  • Market leadership is shifting across regions, sectors and companies — a global lens helps capture it wherever it emerges.  

  • Expanding beyond U.S. equities can help mitigate concentration risk.

  • A global opportunity set increases the likelihood
 of identifying companies driving the next phase
 of growth.

“There are just so many fantastic companies outside the U.S. trading at attractive valuations. I think there's a good chance that the strength we're seeing in international and emerging markets still has room
 to run.”

Steve Watson
Portfolio manager

Leadership rarely persists from decade to decade

Recent U.S. stock dominance has been historic but rare, with a global mandate needed to help find and get access to past leaders.

Table shows the world's top 10 largest companies by market capitalization in decades from 1980 to 2025. From oil and industrial companies in 1980, to Japanese firms in 1990, to technology and internet leaders in 2000 and 2020, and AI- and technology-focused companies in 2025, the chart emphasizes that many market leads fail to remain dominant or outperform in subsequent decades, showing that the global leaders of today may not be the leaders of tomorrow.

Sources: Capital Group, MSCI, RIMES. As of 12/31/25. Observation date for each set of holdings is December 31 of the year. For example, for 1980, the observation date for the largest companies is 12/31/1980. An exception was made for 2000, which uses an observation date of 2/28/2000, as it reflects the closest month-end peak of the tech bubble. Past results are not predictive of results in future periods. Next 10 years return refers to the average annual total return of the stock or index from the current decade's beginning observation date to the beginning of the next decade.

FUND SPOTLIGHT: Capital Group Global Growth Equity ETF

CGGO: A global approach to growth

  • The fund invests across global markets without being constrained by regions or benchmarks.
  • CGGO focuses on global revenue drivers, considering where companies are growing not just where they are headquartered.
  • The fund takes a flexible, opportunity-driven approach that allows managers to allocate across regions and sectors over time.
Morningstar Gold Medalist Rating graphic for CGGO. CGGO has a designated Analyst-Driven coverage and Data Coverage of 10% and 85%, respectively, as of July 31, 2026.


Analyst-Driven: 10%
Data Coverage: 85%


Source: Morningstar.
As of 7/31/26.

Learn more

Perspectives

Product and asset class insights

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the ETF prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Capital Group exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETF shares are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. Please visit the data provider's website for more information.
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Totals may not reconcile due to rounding and/or cash flows.
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This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
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Success rate: How often a fund outpaced peers or benchmarks.
 

Past results are not predictive of results in future periods.
 

MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results of developed markets. The index consists of more than 20 developed market country indexes, including the United States. Results reflect dividends net of withholding taxes.
 

MSCI All Country World Index is a free-float-adjusted market-capitalization-weighted index that is designed to measure equity market results in the global developed and emerging markets, consisting of more than 40 developed- and emerging-market country indexes. When applicable, results through December 31, 2000, reflect dividends gross of withholding taxes, and dividends net of withholding taxes thereafter.
 

Index comparisons: GBAL (Global Balanced Historical Benchmarks Index); GIF (MSCI World Index); CIB (70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index); WGI (Capital World Growth and Income Fund Historical Benchmarks Index); NPF (New Perspective Fund Historical Benchmarks Index); NWF (New Geography/New World Historical Benchmarks Index); SMALLCAP (SMALLCAP World Fund Historical Benchmarks Index); NEF, CGGO, CGDG (MSCI All Country World Index); CGGE (MSCI World Index).
 

Global Balanced Historical Benchmark returns reflect the results of the 60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index through 12/31/2024 and the 60%/40% MSCI All Country World Index/Bloomberg Global Aggregate (USD-Hedged) Index thereafter. Capital World Growth and Income Fund Historical Benchmarks Index returns reflect the results of the MSCI World Index through 11/30/2011 and the MSCI All Country World Index, the fund's current primary benchmark, thereafter. New Perspective Fund Historical Benchmarks Index returns reflect the results of the MSCI World Index from 03/13/1973 through 09/30/2011 and the MSCI All Country World Index, the fund's current primary benchmark, thereafter. New Geography/New World Historical Benchmarks Index returns reflect the results of the MSCI All Country World Index (ACWI) through December 31, 2025, and the MSCI Emerging Markets Index, the primary benchmark, thereafter. SMALLCAP World Fund Historical Benchmarks Index returns reflect the results of the S&P Global <$3 Billion Index through 09/30/2009 and the MSCI All Country World Small Cap Index, the fund's current primary benchmark, thereafter.
 

The return of principal for bond portfolios and portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
 

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
 

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.
 

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. (Also applies to CGDG, CGGE and CGGO).
 

Nondiversified funds have the ability to invest a larger percentage of assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor results by a single issuer could adversely affect fund results more than if the fund were invested in a larger number of issuers. See the applicable prospectus for details. (Also applies to CGDG and CGGE).
 

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