Proven approach to US equities for over 90 years
90+ year track record of providing our investors with access to US equity market growth whilst prioritising consistency and stability1
ICA takes a broad, diversified approach, investing in quality growth and income companies from a wide-cross section of the US economy. ICA has been less reliant on the Magnificent 74 and has achieved excess returns over the last 2 years despite the narrow market5 .
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The information in relation to the index is provided for context and illustration only. The fund is actively managed. It is not managed in reference to a benchmark.
Past results are not a guarantee of future results.
The ICA strategy has achieved resilient long-term results in different market conditions. It has participated in up markets and offered protection in down markets.
Past results are not a guarantee of future results.
Hear more about the fund and its investment approach from portfolio manager Chris Buchbinder
The experience to deliver
The investment team behind this fund
Aline Avzaradel
San Francisco
20 years with Capital
Christopher D. Buchbinder
San Francisco
29 years with Capital
Grant L. Cambridge
Los Angeles
28 years with Capital
Greg Miliotes
San Francisco
18 years with Capital
James B. Lovelace
Los Angeles
43 years with Capital
James Terrile
Los Angeles
28 years with Capital
Jessica C. Spaly
San Francisco
21 years with Capital
Martin Jacobs
Los Angeles
24 years with Capital
Martin Romo
San Francisco
32 years with Capital
Research Portfolio
Research analysts are allocated
part of the fund assets to manage
WHY CAPITAL GROUP
A leader in global investing
For more than 90 years, we've been searching the world for long-term opportunities, making Capital one of the oldest global investors today.
Global investing credentials
US$2.8T
in total assets managed
27 years
average investment experience of our portfolio managers
US$2.2T
equity assets managed
Data as at 31 December 2024
High conviction investments. Diverse perspectives.
The Capital SystemTM combines independent, high-conviction decision-making with the diversity that comes from multiple perspectives.
We believe ESG is key to successful investing. So we consider environmental, social and governance issues before we invest.
We're here with the support and solutions you need.
Don't hesitate to reach out if you have questions or need assistance.
Suyin Tan
Managing Director
Singapore & Southeast Asia
+65 6437 2655
Suyin.Tan@capitalgroup.com
Vanessa Huang
Director
Singapore & Southeast Asia
+65 6437 2790
Vanessa.Huang@capitalgroup.com
Kenneth Goh
Associate Director
Singapore & Southeast Asia
+65 6437 0430
Kenneth.Goh@capitalgroup.com
Debbie Chua
Associate Director
Singapore & Southeast Asia
+65 6437 0658
Debbie.Chua@capitalgroup.com
All information as at 31 December 2024 and attributed to Capital Group, unless otherwise specified.
1 Consistency and stability are based on investment results for the Capital Group Investment Company of America Composite (defined as a single group of discretionary portfolios that collectively represent a particular investment strategy or objective), which has demonstrated lower volatility than the S&P 500 Total Return Index in USD terms over the long term. Capital Group Investment Company of America (LUX) has been a member of this composite since July 2016. Sources: Capital Group, S&P
2 Broad market participation during mid-cycle economic phase in the US is based on monthly index data from December 1973 to August 2024. Index data is based on Datastream US Total Market Index from 31 December 1973 through 31 December 1994, and MSCI USA Index data thereafter. Business cycles are forward-looking estimates by Capital Group economists, shown for illustrative purposes only. The views of individual portfolio managers and analysts may differ. Sources: Capital Group, MSCI
3 Positions within the business cycle are forward-looking estimates by Capital Group economists as of December 2023 (2024 bubble) and September 2024 (2025 bubble). The views of individual portfolio managers and analysts may differ. Returns data is monthly from December 1973 to August 2024. Data is Datastream US Total Market Index from 31 December 1973 through 31 December 1994 and MSCI USA data thereafter. Returns data reflects all completed cycle stages through 31 October 2024. Returns are in USD terms. Sources: Capital Group, MSCI
4 Data from 31 December 2022 to 31 December 2024. Capital Group Investment Company of America (LUX) (ICA) % exposure to Magnificent 7 relative to S&P 500 Total Return Index in USD terms. Magnificent 7: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Sources: Capital Group, MSCI
5 Data from 31 December 2022 to 31 December 2024. Relative to S&P 500 Total Return Index, Capital Group Investment Company of America (LUX) (ICA) has achieved an excess return of 3.2% in USD terms, before fees and expenses. The relative return is calculated geometrically. Sources: Capital Group, MSCI
6 As at 31 December 2024. Returns are in USD terms. Capital Group Investment Company of America Composite data is shown for illustration purposes only. Capital Group Investment Company of America (LUX) has been a member of this composite since July 2016. Sources: Capital Group, S&P
* The results shown for Capital Group Investment Company of America Composite are since its inception on 31 December 1933. Results 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).
† S&P 500 Total Return Index
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.
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 guarantee of 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. Currency hedging seeks to limit this, but there is no guarantee that hedging will be totally successful.
- Some portfolios may invest in financial derivative instruments for investment purposes, hedging and/or efficient portfolio management.
- The Prospectus - together with locally required offering documentation - sets out risks which, depending on the fund, may include risks associated with investing in fixed income, derivatives, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.