Capital Group New Perspective Fund (LUX) | Capital Group

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Capital Group New Perspective Fund (LUX)

 

The New Perspective strategy offers over 45 years of global growth and consistent long-term superior results during both up and down markets. However, it is important to note that past results are not a guarantee of future results.
To find out more about the strategy’s time-tested approach click below.

Introducing the New Perspective strategy

The New Perspective strategy was originally only offered to US-based investors. Managed by the same experienced team and following the same flexible approach, the strategy is now available to investors via Capital Group New Perspective Fund (LUX).

1. Bottom-up company selection identifies global champions of today and tomorrow

Through fundamental research, we identify successful established and early-stage multinationals, which has historically offered our investors both resilience and growth over the long term.

Resilience

Established multinationals

  • Global companies with established track record in generating growth
  • Diverse sources of revenue and strong balance sheets
  • Seasoned management with experience of international expansion
  • May often operate in industries with high barriers to entry
  • Continually evolving and innovating to achieve secular growth

Growth

Early-stage multinationals

  • Market-leading companies expanding beyond their domestic market into new territories
  • Often possess disruptive technology and/or business models
  • Commonly have innovatie products or services and/or senior management
  • Scope to become leading multinationals with long-term growth potential

2. Identifying companies that have driven and benefited from changing global trade

For over 45 years, the New Perspective strategy has stayed relevant by using bottom-up research to identify companies that are driving and benefiting from changing global trade patterns, and economic and political relationships.

Early 70s

Basic resources dominate

High exposure in strategy to

Oil and metals

70s and 80s

The rise of home computing and personal electronics

High exposure in strategy to

Electronics and computers

1990s

A new generation of mobile communications

High exposure in strategy to

Telecoms and media

Early 2000s

Innovation in healthcare

High exposure in strategy to

Pharmaceuticals and biotechnology

2000s

The rise of emerging markets and rapid urbanisation of China

High exposure in strategy to

Consumer products and mining

2010s

The age of digital disruption

High exposure in strategy to

E-commerce and internet platforms

 

For illustrative purposes only.


3. A high-conviction, repeatable, long-term approach using the unique Capital SystemSM

A time-tested strategy with a proven track record of delivering 11.1% p.a.1 since inception and enhanced resilience during market declines.

 

Capital Group New Perspective Composite: The value of a hypothetical US$10,000 invested at launch

Market return2
How often the strategy
has outpaced the market 3
>0% 'Up market'
78%
<0% 'Down market'
100%

Past results are not a guarantee of future results.

Jody Jonsson discusses how a multilocal approach can help investors navigate today’s uncertain environment.
Six key charts examining the impact of rising global trade tensions.

Past results are not a guarantee of future results.


Data as at 31 January 2019 in US$ terms.

This information supplements or enhances required or recommended disclosure and presentation provisions of the GIPS® standards, which if not included herein, are available upon request. GIPS is a trademark owned by CFA Institute.


Capital Group New Perspective Fund (LUX) launched on 30 October 2015. The investment results shown here are for the Capital Group New Perspective 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 the beginning of November 2015.

1 Results shown for the Capital Group New Perspective Composite, from inception at 31 March 1973, are asset-weighted and based on initial weights and monthly returns. Net of management fees and expenses for the B share class as a representative share class of Capital Group New Perspective Fund (LUX), applying the maximum Total Expense Ratio (TER) of 165bps, based on the long-term annual management charge of 150bps. Source: Capital Group

2 MSCI All Country World Index (ACWI) (net dividends reinvested) from 30 September 2011; previously MSCI World (net dividends reinvested). Source: MSCI

Relative returns calculated geometrically for the Composite, since inception, compared with the index in footnote 2 and net of fees and expenses as detailed in footnote 1.

 

Risk factors you should consider before investing:

  • This material is not intended to provide investment advice or be considered a personal recommendation.
  • The value of shares 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 guide to 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.
  • Depending on the strategy, risks may be associated with investing in emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.