New Perspective | 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.

© 2020 Morningstar. All rights reserved.
Morningstar Analyst RatingTM as at 26 September 2019.
Morningstar category: Global Large-Cap Growth Equity.

Asia Asset Management Best of the Best Performance Awards 2020
Global Equity (10 years)

Asian Private Banker Asset Management Awards for Excellence 2020
Best Fund Provider: Global Equity

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

The managers aim to identify companies that stand to gain from long-term trends and market changes, through this the New Perspective strategy has been able to navigate and gain from changes in global trade patterns.

Since March 1973, the strategy has delivered 11.4% since strategy launch and demonstrated resilience during market declines. It has outpaced the index2 82% 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
Rolling monthly three-year returns from inception to 30 September 2020
Market return1 Number of periods How often the composite outpaced the market2

 
>0% 'Up market' 455 79%

 
<0% 'Down market' 80 100%
 
Investment results as at 30 September 2020 in US$ terms (after fees and expenses – B share class)
% Fund1 Index2 Excess return3
 
2015   From 30 October -1.4 -2.6 1.2
2016 0.4 7.9 -7.5
2017 27.1 24.0 3.1
2018 -7.0 -9.4 2.4
2019 28.7 26.6 2.1
2020   9 months 13.0 1.4 11.6
 

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.

 

 

Capital Group New Perspective Fund (LUX)

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

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© 2020 Morningstar. All rights reserved. Morningstar Analyst Rating™ as at 26 September 2019. Morningstar Category: Global Large-Cap Growth Equity



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 September 2020.
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.

 

  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 (B), 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. Relative returns calculated geometrically for the Capital Group New Perspective Composite, compared with the index in footnote 1. Net of management fees and expenses for a representative Luxembourg fund share class (B), applying the maximum Total Expense Ratio (TER). Please visit capitalgroup.com for further details. Source: Capital Group
  4. After management fees and expenses for B share class, as a representative share class. Please visit capitalgroup.com for further details. Fund results are based on close of markets (T+1). Source: Capital Group
  5. 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 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 – together with any locally-required offering documentation – 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.