A new perspective on global investing | Capital Group

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A new perspective on global investing

 

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 strategies1. Originally offered only to US-based investors, it is now available to investors in Europe and Asia via Capital Group New Perspective Fund (LUX) - which is managed by the same experienced team and follows the same approach as the US strategy.

 

Introducing the New Perspective strategy

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 that investing in established multinationals can help provide resilience.

Growth

Early-stage multinationals

Resilience

Established multinationals

Capturing opportunities from changing global trade patterns

New Perspective seeks out companies that stand to gain from changing global trade patterns. These companies are also often at the forefront of creating, driving and shaping the trends of the future.

Early 1970s

Basic resources dominate

1990s

A new generation of mobile communications

2010s

The age of digital disruption

Pursuing growth and resilience for over 45 years

Hypothetical value of US$10,000 invested at launch of the Capital Group New Perspective Composite

The use of composite results is intended to illustrate our experience and capability in managing this strategy1 over the long term

New Perspective has proven resilient in the past when markets have been under pressure and underperforming. Since its launch in the 1973, the strategy has outperformed during down markets 100% of the time in rolling monthly three-year periods.
Market return2
Number of periods
How often the composite
outpaced the market3
>0% 'Up market'
434
85%
<0% 'Down market'
80
100%

Capital Group New Perspective Fund (LUX)

Investment results as at 31 December 2018 in US$ terms

 
2016
2017
2018
Capital Group New Perspective Fund (LUX)4
1.4
28.2
-6.3
MSCI ACWI 2
7.9
24.0
-9.4
Excess return5
-6.4
4.2
3.1

Past results are not a guarantee of future results.


© 2019 Morningstar. All rights reserved. Morningstar Analyst Rating™ as at 10 October 2018. Morningstar Category: Global Large-Cap Growth Equity

All data as at 31 December 2018 in US$ and attributed to Capital Group and MSCI, unless otherwise stated. All index returns include net dividends reinvested.

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. Based on the the Capital Group New Perspective Composite (defined as a single group of discretionary portfolios that collectively represent a particular investment strategy or objective). Capital Group New Perspective Fund (LUX) was launched on 30 October 2015 and has been a member of this composite since the beginning of November 2015.
  2. The benchmark shown is MSCI ACWI from 30 September 2011, previously MCI World. Source: MSCI
  3. Composite results 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 Z share class as a representative share class, applying the maximum Total Expense Ratio (TER) of 90bps, based on the long-term annual management charge of 75bps.
  4. Fund results after management fees and expenses for the current Total Expense Ratio (TER) of the Z share class, as a representative share class, which has a maximum TER of 90bps. Fund results are based on close of market returns (T+1).
  5. The excess return is calculated aritmetically.

Past results are not a guarantee of future results.

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.

 

Morningstar Analyst Rating™

© 2019 Morningstar. All rights reserved. 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 here. For disclosure and detailed information about this fund please refer to the full Morningstar Global Fund Report that can be accessed here: Capital Group New Perspective Fund (LUX).

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