Capital Group New Economy Fund (LUX) | Capital Group




Capital Group New Economy Fund (LUX)

Growth and innovation in an evolving global economy



I can capture growth opportunities no matter how fast the world changes


The Capital Group New Economy Fund (LUX) can help you to capture growth and innovation in an evolving global economy.



I can rely on Capital Group to identify companies at the forefront of change

Investment opportunities are uncovered through our strength in research:

Experienced team of portfolio managers

A multi-layered global research engine

Deep company insights acquired over decades


I can enjoy peace of mind with a proven track record

Capital Group New Economy strategy, launched in December 1983 in the US, is now available as a Luxembourg-domiciled UCITS fund to investors in Asia and Europe. Both are managed by the same experienced investment team and share the same investment objectives.

For over 35 years and across different types of market environments, the Capital Group New Economy strategy has delivered attractive long-term results to our investors.

Average 5-year rolling returns p.a. since inception

(as at 28 February 2020)

Average 5-year rolling returns p.a.

New Economy strategy investment results
Strategy inception on 31 December 1983


Annualised returns, % New Economy strategy1 MSCI ACWI2
1 year 6.3 3.9
3 years p.a. 11.8 7.0
5 years p.a. 8.7 5.5
10 years p.a. 11.9 8.1
Lifetime p.a. 10.3 9.1

Upside-downside capture ratio

(5 years to 28 February 2020)

Average 5-year rolling returns p.a.

Capital Group New Economy Fund (LUX)
Fund inception on 7 November 2019


% 1 month Lifetime
NAV to NAV3 -5.3 0.7
Net of sales charge4 -10.2 -4.6
MSCI ACWI -8.1 -5.2

The information in relation to the index is provided for context and illustration only. The fund is an actively managed UCITS. It is not managed in reference to a benchmark. Past results are not a guarantee of future results. For illustrative purposes only.

  1. Results shown for the Capital Group New Economy Composite, from inception at 31 December 1983, are asset-weighted and based on initial weights and monthly returns. Net of management fees and expenses for a representative Luxembourg fund share class (B). Please visit for further details.
  2. MSCI All Country World Index (net dividends reinvested) from 31 December 2000. Previously MSCI All Country World Index (gross dividends reinvested) from 31 December 1987; MSCI World Index (net dividends reinvested) from 31 December 1983. Source: MSCI
  3. Results are in USD, shown after management and administration fees, also known as Total Expense Ratio (TER), for the B share class as a representative share class and is calculated as the increase or decrease in net asset value of the fund over the relevant period, please visit for further details.
  4. Includes the maximum subscription charge of 5.25%. NAV to NAV results better reflect the pure investment results.


Why Capital Group?

The world’s largest active mutual fund asset manager5


US$2.1 trn

in assets under management

85+ years

of investing since 1931


investing alongside clients



*5. Data as at 31 December 2019. Source: Morningstar Direct. The investment universe includes active open-ended funds and Australian Insurance funds, excludes money market funds, excludes fund of funds, excludes feeder funds but Japan-domiciled feeder funds are included, domicile countries exclude China. Active funds are defined as non-index funds, and managers have been ranked by their branding name. Manager assets under management has been broken down by underlying funds’ global broad category group. This excludes segregated accounts.





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Risk factors you should consider before investing:

  • 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.
  • Past results are not a guarantee of future results.
  • If the currency in which you invest strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will decrease.
  • The Prospectus and Product Highlights Sheet (“PHS”) set out risks, which, depending on the fund, may include risks associated with investing in fixed income, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.

All data as at 28 February 2020 in US$ terms, unless otherwise stated. All index returns include net dividends reinvested.

The Capital Group companies manage equity assets through three investment groups that make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organisation; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups. Assets under management totals may not reconcile due to rounding. Fixed income assets managed by Capital Fixed Income Investors.

As Capital Group New Economy Fund (LUX) was launched on 7 November 2019, a meaningful track record has yet to be established, so the investment results shown here are for the Capital Group New Economy Composite (defined as a single group of discretionary portfolios that collectively represent a particular investment strategy or objective). This is intended to illustrate our experience and capability in managing this strategy over the long term. Our Luxembourg fund has been a member of this composite since 1 December 2019.


5-year rolling returns: Annualized average 5-year returns for a specified time period of observation. Looking at a fund or strategy’s rolling returns will provide results that are smoothed over several periods across its history.

Internet of Things: The interconnection via the internet of computing devices embedded in everyday objects, enabling them to send and receive data.

NAV: Net asset value (NAV) measures the value of a fund’s assets, minus its liabilities. NAV is typically calculated on a per-share basis.

TER: Total expense ratio: A measure of the total costs associated with managing and operating an investment fund, also known as Management and Administration Fee. These costs consist primarily of management fees and expenses, such as trading, legal, and auditor fees.

UCITS: The Undertakings for the Collective Investment of Transferable Securities.

Upside-downside capture ratio: An upside capture ratio over 100 indicates a fund has generally outpaced the index during periods of positive returns for the index. A downside capture ratio of less than 100 indicates that a fund has lost less than the index in periods when the index has been negative.