Investment insights from Capital Group
Big Tech has enjoyed a big bounce this year
Sources: Capital Group, Center for Research in Security Prices (CRSP), Refinitiv Datastream, Standard & Poor’s. As of May 18, 2023. Past results are not predictive of results in future periods.
Last year’s laggards are this year’s leaders
Sources: Capital Group, FactSet, RIMES, Standard & Poor’s. Sector returns reflect total returns in USD. As of May 18, 2023. Past results are not predictive of results in future periods.
The investment opportunity set has widened significantly
Sources: Capital Group, Refinitiv Datastream, Standard & Poor's. As of 5/16/23. Indexed to 100 as of January 1, 2005. The S&P 500 Index is weighted by market capitalization, meaning the largest companies have the biggest impact on the path of the index. The S&P 500 Equal-Weighted Index gives each stock equal weight, thereby removing the outsize impact of large-cap stocks. The ratio between the two indexes reflects time periods when market breadth is increasing or decreasing. Past results are not predictive of results in future periods.
Market Volatility
European Equity
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.