Global Equities
KEY BENEFITS
A core global equity fund built for an evolving world
The New Perspective fund invests in early-stage and established multinationals to help achieve long-term capital growth for your clients.
A portfolio that thrives with change
Focused on identifying and investing in companies best-placed to thrive in a dynamic global economy
Combining resilience and growth
Invests in multinationals that combine endurance with growth potential
A track record of excess returns
Strategy has proven its ability to weather different market environments for over 50 years
THINGS TO CONSIDER
Working toward long-term growth while considering risks
While investing in global equities offers investors growth potential, it still carries general investment, equities, and other risks that may cause your investment to decline or suffer losses.
Risk considerations
WHY INVEST IN THIS FUND
A fund that seeks global champions of today and tomorrow
The New Perspective investment team seeks to deliver consistent, long-term results by using fundamental research to identify high quality multinationals that can thrive on change.
The experience to deliver
The investment team behind this fund
Barbara Burtin
Los Angeles
14 years with Capital
Noriko Chen
San Francisco
24 years with Capital
Patrice Collette
Singapore
23 years with Capital
Brady Enright
San Francisco
26 years with Capital
Jody Jonsson
Los Angeles
32 years with Capital
Rob Lovelace
Los Angeles
37 years with Capital
Andraz Razen
London
18 years with Capital
Steven Watson
Hong Kong
34 years with Capital
Anne-Marie Peterson
San Francisco
18 years with Capital
Kohei Higashi
Los Angeles
19 years with Capital
Research Portfolio
Research analysts are allocated
part of the fund assets to manage
ESG FOCUS
ESG characteristics
ESG is woven into our investment process through three tightly integrated components: investment frameworks, monitoring and engagement. The fund also applies ESG and norms-based screens and has a carbon target.1
For more information on our approach, to ESG please see ESG at Capital Group.
Screens
The fund excludes issuers within certain sectors, as well as those that violate UN Global Compact principles.
Carbon target
The fund’s carbon footprint is also monitored and managed to be generally at least 30% lower than its reference index (MSCI ACWI)1
The fund has adopted Sustainable Finance Disclosure Regulation (SFDR) article 8 requirements. The SFDR classification is related to the EU’s regulation and is not equivalent to approval or recognition as an ESG fund by regulators in Asia Pacific.
1. Index referenced is MSCI ACWI. Carbon footprint is based on weighted average carbon intensity.
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Additional information on how this fund can help meet your clients’ needs
- Access to an evolving portfolio of long-term winners
New Perspective offers long-term growth investors a way to stay ahead of transformational changes. We do that by investing in companies that can endure, evolve and benefit from shifts in the global economy.
- An attractive combination of resilience and growth
By investing in a range of multinationals, from established global champions, to fast-growing early-stage multinationals, the New Perspective strategy has offered relative downside protection in falling markets (on a rolling three-year basis). It has also captured long-term structural growth in excess of MSCI ACWI over the medium and long term.
- Proven track record
Over its lifetime of 50 years, the strategy has managed to generate more wealth (in US dollar terms) than an investment in MSCI ACWI, and has demonstrated resilience during market declines.
Significant structural changes to the global economy and investment landscape are generating new long-term opportunities:
- Late-cycle market conditions demand a flexible approach in global equities, which does not simply rely on growth stocks to do well.
- As markets continue to be volatile, your clients may be looking for a strategy that has proved resilient when times are tough.
- With its proven ability to weather different market environments for over 50 years, the New Perspective strategy could be a good solution for clients who have previously been tempted to stay out of the market.
New Perspective is positioned to address near- and long-term opportunities and challenges by having exposure to:
- economically sensitive companies (e.g. banks)
- innovators with low penetration and long runways (e.g. Software-as-a-Service companies)
- companies with strong pricing power and the driving force of digitialisation (e.g. luxury goods and smart industrials)
The investment objective of the New Perspective fund is to achieve long-term growth of capital by investing in common stocks of companies located around the world.
Our investment team use bottom-up research to identify strong multinationals that:
- stand to gain from changing global trade patterns
- are often at the forefront of creating, driving and shaping the trends of the future
Multinationals represent a powerful subset of the global equity universe and have key advantages that can help deliver long-term growth.
Global companies that become really big winners build sustainable competitive advantages over time, and compound their gains over long periods.
Taking a truly long-term investment horizon is an integral part of the New Perspective strategy’s philosophy – we believe this is one of our biggest and most enduring competitive advantages in an industry that continues to shorten its outlook.
Taking the long view
We base our investment decisions on a long-term perspective, aligning our goals with the interests of your clients. Superior, long-term returns are our goal. New Perspective managers are rewarded for their results, not the level of assets they manage.
Breadth of experience
Our process enables individual investment professionals to act on their highest convictions while limiting the risk associated with isolated decision-making. We draw on their diverse experience to build the portfolio.
Deep, fundamental research
Few firms can match the scale and scope of our proprietary research. Investment analysts conduct thousands of research visits globally every year. This research is then combined with comprehensive macro analysis. This approach has been essential to the results we have delivered to our investors.
Capital Group manages equities through three investment divisions that make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organisation; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
Find out more about what this fund has to offer
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$2.5T
in total assets managed
28 years
average investment experience of our portfolio managers
US$2.0T
equity assets managed
Data as at 31 December 2023
High conviction investments. Diverse perspectives.
The Capital SystemTM is designed to produce highly diverse portfolios that deliver consistent long-term results, a smoother ride and management continuity over a range of market conditions.
We believe ESG is key to successful investing. So we consider environmental, social and governance issues before we invest.
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Don't hesitate to reach out if you have questions or need assistance.
Jeremy Chapuis
Managing Director
Financial Intermediaries & Institutional
Western Switzerland
+41 (0) 22 807 4695
Jeremy.Chapuis@capitalgroup.com
Katja Wiechers
Managing Director
Financial Intermediaries
+41 (0) 44 567 8015
Katja.Wiechers@capitalgroup.com
Michael Stadelmann
Director
Financial Intermediaries
+41 (0) 44 567 8011
Michael.Stadelmann@capitalgroup.com
Melody Cattaneo
Associate Director
Financial Intermediaries & Institutional
Western Switzerland
+41 (0) 22 807 4009
Melody.Cattaneo@capitalgroup.com
Bozica Cuskic
Associate
Financial Intermediaries
+41 (0) 44 567 8016
Bozica.Cuskic@capitalgroup.com
Claudia Fabini
Senior Client Manager
+41 (0) 44 567 8009
Claudia.Fabini@capitalgroup.com
Nadja Huber
Marketing Director
+41 (0) 44 567 8002
Nadja.Huber@capitalgroup.com
Karin Krüger
Assistant
+41 (0) 44 567 8012
Karin.Krueger@capitalgroup.com
Rebecca Schwitter
Assistant
+41 (0) 44 567 8014
Rebecca.Schwitter@capitalgroup.com
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.
- There are additional Counterparty, Emerging markets, Equities, Liquidity, Operational and Sustainability risks associated with this fund.
Fund risks
Counterparty risk: Other financial institutions provide services to the fund such as safekeeping of assets, or may serve as a counterparty to financial contracts such as derivatives. There is a risk the counterparty will not meet their obligations.
Emerging markets risk: Investments in emerging markets are generally more sensitive to risk events such as changes in the economic, political, fiscal and legal environment.
Equities risk: The prices of equity securities may decline in response to certain events, including those directly involving the companies whose securities are owned by the fund, overall market changes, local, regional or global political, social or economic instability and currency fluctuations.
Liquidity risk: In stressed market conditions, certain securities held by the fund may not be able to be sold at full value, or at all. This could cause the fund to defer or suspend redemptions of its shares, meaning investors may not have immediate access to their investment.
Operational risk: The risk of potential loss resulting from inadequate or failed internal processes, people and systems or from external events.
Sustainability risk: Environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of an investment of the fund.
Data as at 31 December 2023 and attributed to Capital Group, unless otherwise specified.
In USD terms. Composite data is referenced for illustrative purposes only. Capital Group New Perspective Fund (LUX) has been a member of this composite since the beginning of November 2015.
Results referenced for the Capital Group New Perspective Composite, from inception at 31 March 1973 (net of fees, Z).
Index is MSCI All Country World Index (ACWI) (net dividends reinvested) from 30 September 2011; previously MSCI World (net dividends reinvested). Source: MSCI