Investment insights from Capital Group
Source: Capital Group. As of 8 November 2024. *Higher costs may occur if certain companies are required to pay into the Federal Communications Commission’s Universal Service Fund. For illustrative purposes only. Outlooks of individual investment analysts and portfolio managers may differ.
Sources: Capital Group, Bureau of Labor Statistics, U.S. Department of Labor. Figures are based on non-farm payrolls and are seasonally adjusted. As of 31 December 2024.
Sources: Morgan Stanley AI Guidebook: Fourth Edition, 23 January 2024; Next Move Strategy Consulting, Statista. Initial forecast dates were February 1996 for PC and internet users; January 2010 for smartphone shipments; March 2017 for cloud revenue; and January 2023 for AI market size.
Sources: Capital Group, Morningstar. Periods of equity volatility from 2010 to 2023 are based on price declines of 10% or more (without dividends reinvested) in the S&P 500 with at least 75% recovery. The period of volatility during 2024 refers to 15 July 2024 to 4 August 2024.
U.S. Equities
Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. 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. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.