Capital Group New Economy Fund (LUX) | Capital Group

 

 

 

Capital Group New Economy Fund (LUX)

Growth and innovation in an evolving global economy

 

WHY CONSIDER THE FUND?


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.

FUND BROCHURE
WHERE TO BUY

A ROBUST AND PROVEN RESEARCH CAPABILITY


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

CAPITAL GROUP NEW ECONOMY FUND (LUX)


I can depend on the fund’s tried and tested strategy to capture growth opportunities in a changing world

Launched on 7 November 2019, Capital Group New Economy Fund (LUX) is a global equity fund focused on achieving long-term growth of capital by investing in securities of companies located around the world with long-term growth potential. The fund is managed by the same experienced team and follows the same approach as the New Economy strategy, which was launched on 31 December 1983.


Capital Group New Economy Fund (LUX) results
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
 

ATTRACTIVE LONG-TERM RESULTS FOR OVER 35 YEARS


A strategy with a proven track record

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 30 April 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 -1.2 -5.0
3 years p.a. 9.3 4.5
5 years p.a. 8.1 4.4
10 years p.a. 11.0 6.9
Lifetime p.a. 10.2 9.0
 

As at 30 April 2020.

1.      Results shown for the Capital Group New Economy Composite are asset-weighted and based on initial weights and monthly returns (inception: 31 December 1983). Net of management fees and expenses for a representative share class (B), applying the maximum Total Expense Ratio (TER). Please visit capitalgroup.com for further details. Provisional. Source: Capital Group

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

 


Upside-downside capture ratio

(5 years to 30 April 2020)

Average 5-year rolling returns p.a.

1. Results shown for the Capital Group New Economy Composite are asset-weighted and based on initial weights and monthly returns (inception: 31 December 1983). Net of management fees and expenses for a representative share class (B), applying the maximum Total Expense Ratio (TER). Please visit capitalgroup.com for further details. Provisional. Source: Capital Group

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


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 capitalgroup.com 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 capitalgroup.com/asia for further details.
  4. Includes the maximum subscription charge of 5.25%. NAV to NAV results better reflect the pure investment results.


DOWNLOAD FUND FACTSHEET

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

Employee-owned

investing alongside clients

 

FIND OUT MORE

*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.

 

CAPITAL GROUP NEW ECONOMY FUND (LUX) LITERATURE


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This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

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.

Glossary

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.