Fixed Income
New Perspective strategy’s excess returns across a variety of market environments
Since inception in 1973
Upside and downside capture ratios
Average rolling three-year excess returns p.a. in different style environments2
Average rolling three-year excess returns p.a. in different inflationary environments3
Past results are not a guarantee of future results.
Returns in US$ terms. Results shown for the Capital Group New Perspective Composite (inception: 31 March 1973) are asset-weighted and based on initial weights and monthly returns. Relative returns calculated geometrically for the Capital Group New Perspective Composite, compared with the index in footnote 1.
Data as at 31 December 2021 and attributed to Capital Group and/or MSCI, unless otherwise specified.
Past results are not a guarantee of future results
1. MSCI ACWI (with net dividends reinvested) from 30 September 2011; previously MSCI World (with net dividends reinvested).
2. Relative return of MSCI ACWI World Growth and MSCI ACWI World Value (with net dividends reinvested) used to determine when “value outperforms growth” and “growth outperforms value” from 30 September 2011; previously MSCI World (Growth and Value).
3. Based on US inflation rates using the IA SBBI US Inflation index. Source: CFA Institute
4. Results for the Capital Group New Perspective Composite, gross of management fees and expenses in US$ terms.
5. Provisional portfolio holdings data as at 11 March 2022. As a result of rounding to the nearest hundredth. Data shown for Capital Group New Perspective Fund (LUX) as the representative account for the strategy.
6. Due to the current situation in Russia and Ukraine, while the Russian domestic stock market was suspended for the entire day on the 28 February, our Russia and Ukraine equity securities (including global depository receipts and American depository receipts) held in the portfolio reflected the market price decline on the 28 February. As a result, there has been a negative impact on portfolio relative to the index. Russian holdings in all Capital Group portfolios are now being Fair Valued in accordance with Capital Group’s standard procedures.
Risk factors you should consider before investing:
Fixed Income
Fixed Income
Market Volatility
Federal Reserve
RELATED INSIGHTS
Markets & Economy
Multi-Asset
Long-Term Investing
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.