A flexible approach to global growth investing

A flexible approach to global growth investing

Enduring strategy
Global research

Capital Group New Perspective strategy

INCEPTION DATE
March 13, 1973

IMPLEMENTATION
Consider for a global growth allocation

OBJECTIVE
To provide you with long-term growth of capital

VEHICLES


New Perspective Fund®

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Capital Group Global Growth SMA

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ENDURING STRATEGY

Has remained relevant for more than 50 years by identifying companies that have benefited from changing global trade patterns across multiple industries.

GLOBAL RESEARCH

Focuses on companies — not countries or regions — relying on in-depth global research to find potential companies with sustainable competitive advantages.

ENDURING STRATEGY

Changing global trade patterns

For more than half a century, the Capital Group New Perspective strategy has evolved by using bottom-up global research to identify companies that can benefit from changing global trade patterns and economic and political relationships.

IDENTIFYING COMPANIES THAT CAN BENEFIT FROM EVOLVING TRADE PATTERNS

This graphic shows trade themes for different eras in roughly the past 50 years. The first row represents the early '70s; it shows an image of industrial energy production and says "Early '70s — Basic resources dominate — Oil and metals." The next row represents the '70s and '80s; it shows an old computer from the era and says "'70s & '80s — The rise of home computing and personal electronics — Electronics and computers." The next row represents the 1990s; it shows hands texting on a BlackBerry phone and says "1990s — A new generation of mobile communications — Telecoms and media." The next row represents the early 2000s; it shows a scientist in a lab coat and goggles looking at a test tube filled with red liquid and says "Early 2000s — Innovation in health care — Pharmaceuticals and biotechnology." The next row represents the 2000s; it shows a busy urban street at night and says "2000s — The rise of emerging markets & rapid urbanization of China — Consumer products and mining." The next row represents the 2010s; it shows a finger tapping a touch screen and says "2010s — The age of digital disruption — E-commerce and internet platforms." The final row represents the 2020s; it shows an abstract image of light beams issuing from a bright point far off in the distance and says "2020s — Accelerating digital adoption — Platforms, networks and health care."

For illustrative purposes only.

GLOBAL RESEARCH

Opportunities abound

While New Perspective Fund invests chiefly in multinational or global companies that have a significant share of their sales and operations outside their home countries, some of the largest and most successful companies are based overseas. The fund’s portfolio includes investments in 286 companies based in 28 countries, and Capital Group’s global footprint provides decades of deep research.1

COMPANIES BASED OVERSEAS BY INDUSTRY

MSCI All Country World Index (as of March 31, 2023)

This graphic shows the number of companies based overseas in the MSCI All Country World Index in three different industries as of March 31, 2023. The list includes five of the 10 largest pharmaceutical companies (accompanied by an illustration of a pill bottle), five of the 10 largest interactive media companies (accompanied by an illustration of a smart phone) and eight of the 10 largest apparel and luxury goods companies (accompanied by an illustration of a luxury shopping bag).

CAPITAL GROUP BY THE NUMBERS
As of December 31, 2022

This graphic is called "Capital Group by the Numbers" and it gives various statistics about the company as of December 31, 2022. The first box shows that Capital Group has 472 investment professionals, and next box shows Capital Group has 245 investment analysts. The box after that shows Capital Group has 113 portfolio managers. The box after that shows 171 of the investment professionals are based outside the U.S. The box after that shows the investment professionals speak 44 languages. The final box shows the investment professionals visited 49 countries in 2022.

Source: Capital Group.

One investment strategy, multiple ways to invest

The first and most well known is New Perspective Fund, which is offered in various share classes designed for retirement plans, nonprofits, and other institutional and individual investors.

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For high net worth clients, consider the Capital Group Global Growth SMA, which has the same objective and is overseen by the same team of portfolio managers.

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1Portfolio, company and country data as of March 31, 2023.

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. 

MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.

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 fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

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.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only.

American Funds Distributors, Inc.

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.

The indexes are unmanaged and therefore have no expenses. Investors cannot invest directly in an index.