Investment insights from Capital Group
Source: Capital Group. Country positions are forward-looking estimates by Capital Group economists as of April 2024 and include a mix of quantitative and qualitative characteristics. Long-term tailwinds and headwinds are based on structural factors such as debt, demographics and innovation. Near-term tailwinds and headwinds are based on cyclical factors such as labor, housing, spending, investment and financial stability. The size of the bubbles are used to approximate the relative size of each economy (in USD) and are for illustrative purposes only.
Sources: Capital Group, Bloomberg Index Services Ltd., FactSet, International Monetary Fund (IMF). Inflation data as of April 30, 2024, except for Japan data which is as of 31 March, 2024. IMF estimates as of April 2024. Policy rates represent the rate on overnight interbank lending. Inflation data is expressed using the Consumer Price Index (CPI), a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Market-implied policy rates are based on contract pricing across futures markets and are as of 23 May, 2024.
Sources: MSCI, RIMES. Data reflects 31 January, 2020, to 31 March, 2024.
Source: Capital Group. CHIPS Act refers to the Creating Helpful Incentives to Produce Semiconductors Act, passed by U.S. lawmakers in 2022 to encourage domestic manufacturing of computer chips.
U.S. Equities
Market Volatility
European Equity
Sign up now to get industry-leading insights and timely articles delivered to your inbox.
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.