World Markets Review
Investment insights from Capital Group
At Capital Group, using third-party data is only a part of how we monitor current and potential investments. Corporate holdings* are reviewed against available third-party ESG data to identify potential ESG risks. We then draw on our investment professionals' deep knowledge and understanding of the issuer to determine the materiality of the risk to the investment case.
KEY TAKEAWAYS
* Certain holdings are currently not covered by third-party monitoring providers.
‡ Corporate holdings are monitored to the extent they are covered by third-party data providers.
ǁ Data as of March 31, 2024. UNGC is United Nations Global Compact. OECD is Organisation for Economic Co-operation and Development. As of February 2024, for corporate holdings, our monitoring methodology has been updated. We now use two data providers (MSCI and Institutional Shareholder Services Inc (ISSI)) and five different indicators to monitor and flag holdings. These indicators capture materially lower ESG performance relative to peers and potential violations of international norms via the UNGC and OECD Guidelines. This may impact the number of flagged holdings per fund.
Donut chart: Reflects all of the portfolio holdings at the issuer level. The monitoring process covers 99.6% of the portfolio holdings, which represent 100.0% of the portfolio assets, excluding cash and cash equivalents. “Other” holdings are those that either do not have available third-party data or that are not currently covered in the monitoring process. The data used in the monitoring process currently applies only to equity securities and corporate and sovereign bonds. The percentage figures may not total 100 due to rounding.
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Past results are not a guarantee of future results. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.