Capital Group New Perspective Fund (LUX) | Capital Group

 

 

Capital Group New Perspective Fund (LUX)

Launched on 31 March 1973 in the US, New Perspective is one of Capital Group’s most well-known global equity strategies. Originally offered only to US-based investors, the strategy is now available to investors via Capital Group New Perspective Fund (LUX) - which is managed by the same experienced team and follows the same approach as the US strategy.

Capital Group New Perspective Strategy: A New Perspective on Global Investing


Portfolio manager, Jody Jonsson, discusses what makes Capital Group’s New Perspective strategy different, and outlines the reasons behind a focus on quality multinationals.

Identifying global champions of today and tomorrow

Our portfolio managers use bottom-up research to identify strong multinationals. We believe that investing in early-stage multinationals can potentially offer investors growth and investing in established multinationals can help provide resilience.

 

Growth
Early-stage multinationals

 

Resilience
Established multinationals

Capturing opportunities from changing global trade patterns

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

A time-tested strategy built for an evolving world

Our interactive chart below shows that while there have been many reasons not to invest, the strategy has provided consistent growth through major economic, political and social events.
Use the chart below to compare the growth of US$10,000 in the New Perspective strategy1 against the index2 over the years, through the ups and inevitable downs that are an inescapable part of investing. You can build your own chart by customising the date range or viewing results against some of the more infamous market downturns, from the oil crisis of the 70s to the financial crisis of ’08.

 

Capital Group New Perspective Composite: The hypothetical value of US$10,000 invested at launch
Rolling monthly three-year returns from inception to 30 June 2021
Market return2 Number of periods How often the composite outpaced the market3

 
>0% 'Up market' 464 86%

 
<0% 'Down market' 80 100%
 
Investment results as at 30 June 2021 in US$ terms (after fees and expenses — Z share class)
Year Capital Group New Perspective Fund (LUX)4 MSCI ACWI2 Excess return5
 
2017 20.9 18.8 2.1
2018 14.8 10.7 4.0
2019 6.7 5.7 0.9
2020 10.5 2.1 8.4
2021 45.3 39.3 6.0
 

Past results are not a guarantee of future results

 

 

Capital Group New Perspective Fund (LUX)

An unconstrained approach to global investing focusing on high quality multinational companies

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© 2021 Morningstar, Inc. All rights reserved. Class Z in US$. Morningstar Analyst RatingTM as at 14 September 2020.



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.

Data as at 30 June 2021. Capital Group New Perspective Fund (LUX) was 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.

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 a representative Luxembourg fund share class (Z), applying the maximum Total Expense Ratio (TER). Please visit capitalgroup.com for further details. Source: Capital Group

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

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

 

  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 a representative Luxembourg fund share class (Z), applying the maximum Total Expense Ratio (TER). Please visit capitalgroup.com for further details. 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
  3. The excess return is calculated arithmetically.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to global.morningstar.com/managerdisclosures/. For disclosure and detailed information about this fund please refer to full Morningstar Global Fund Report here.

 

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 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 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.
  • The Prospectus and Key Investor Information Document 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.