Capital Group New Perspective Fund (AU) | 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.

 

Introducing the New Perspective strategy

Steve Watson, an equity portfolio manager at Capital Group, introduces the New Perspective strategy, and the way we invest.

 

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.

Growth

Early-stage multinationals

Resilience

Established multinationals

 

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.

For illustrative purposes only.

 

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

With its ability to identify companies that benefit from long-term trends and market changes, the New Perspective strategy has been able to navigate and gain from changes in global trade patterns. Regardless of market climate, Capital Group and our multi-manager system has set up the strategy for long-term success.
Since March 1973, the strategy has delivered 11.2% p.a.1 and demonstrated resilience during market declines. It has outpaced the index2 100% of the time in rolling three-year down markets, and 79% of the time in up markets3. The strategy has also generated three times more wealth than an investment in the index.

 

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

Market return2
How often the strategy
has outpaced the market 3
>0% 'Up market'
79%
<0% 'Down market'
100%

 
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 31 October 2019 in US$ terms.
© 2019 Morningstar. All rights reserved. Morningstar Analyst RatingTM as at 10 October 2018. Morningstar Global Large-Cap Growth Equity category. 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. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to: www.morningstar.com/content/dam/marketing/shared/research/methodology/778136_Morningstar_Analyst_Rating_for_Funds_Methodology.pdf. For disclosure and detailed information about this fund please refer to full Morningstar Global Fund Report at: https://www.thecapitalgroup.com/content/dam/cgc/tenants/apac/documents/award/mgfr-cgnpf.pdf.
 
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. 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 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 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.
  • Depending on the strategy, risks may be associated with investing in fixed income, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.