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Legal and Regulatory Information

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Whilst considerable care has been taken to ensure the information contained within this website is accurate and up-to-date, no warranty, guarantee or representation is given as to the accuracy, reliability or completeness of any information and no liability is accepted for any errors or omissions in such information. The information included on this site has been produced by Capital International Management Company Sàrl (“CIMC”), which is regulated by the Commission de Surveillance du Secteur Financier (“CSSF” – Financial Regulator of Luxembourg) and its affiliates, as appropriate (“Capital Group”). Any reproduction, disclosure or dissemination of these materials by you is prohibited.

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All investment strategies, products and services referred to on this website are subject to change without notice. Capital Group may amend the website (including this Legal Information section) and our investment strategies, products and services at any time with or without notice to the user. Capital Group is under no obligation to update the website or to correct inaccuracies which may become apparent. Capital Group shall have no liability for any direct, indirect, consequential or special losses or damages of any kind whatsoever arising from or in connection with any use of the website or its contents.

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This website (and the information contained therein) is provided for information purposes only, and does not constitute either an offer, invitation, inducement or a solicitation to buy or sell any securities or investment product nor is it a recommendation for any security or investment product. The information contained on this website is not directed at or intended for distribution to, or use by, any person in any jurisdiction or country where such use or distribution would be contrary to any applicable local law or regulation or would subject Capital Group to any registration or licensing requirement in such jurisdiction. It is your responsibility to inform yourself of any applicable legal and regulatory restrictions and to ensure that your access and use of this information does not contravene any such restrictions and to observe all applicable laws and regulations of any relevant jurisdiction. Professional advice should be sought in cases of doubt, as any failure to do so may constitute a breach of the securities laws in any such jurisdiction.

.Potential investors should read the terms and conditions in the relevant offering materials carefully before any investment is made. Investors should be aware that this website may not provide all the information which is necessary or desirable to make such a decision and should undertake their own due diligence.

The funds referred to herein are offered, as part of a formal process, by their current prospectuses only. The prospectuses and key investor information documents contain more complete information about these funds and should be read carefully in conjunction with the latest annual and semi-annual reports before investing. Depending on the countries where the funds are offered, the prospectuses are supplemented by an addendum containing supplementary information required by the regulations of such jurisdictions. However, prospectuses and other information relating to these funds will not be distributed to persons in any country where such distribution would be contrary to local law or regulation. Capital Group will not at any time be arranging on behalf of the individual investor.
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The funds referred to on the website are Luxembourg-registered UCITS, which are registered in each of the relevant jurisdictions under the applicable local laws and regulations. Investors should be aware that protections provided by relevant local laws and regulations may not apply to investment in the funds. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. In particular, UK investors should note that holdings or investments in the funds will not be covered under UK Financial Services Compensation Scheme. Investors will have no right of cancellation under FCA’s Cancellation and Withdrawal rules.

The funds referred to herein are not registered under the United States Investment Company Act of 1940 and securities issued by the funds are not registered under the United States Securities Act of 1933. This is not an offer to sell, nor a solicitation of an offer to buy, the securities of any fund in the United States, its territories, possessions or protectorates under its jurisdiction nor to nationals, citizens or residents in any one of those areas.

Capital Group will not regard any person who accesses this website as its client in relation to any of the investment products or services detailed in the website, unless expressly agreed. Capital Group will not be responsible to any individual for providing them the same protections as are offered to its clients. Capital Group shall not be undertaking arranging activities at any time on the behalf of individuals electing to access the website.

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Investment risk

The value of any investment made in the funds or otherwise and the income from such can go down as well as up, and the investor may not get back the full amount invested. Past performance is not a guarantee of future returns. Changes in the rate of exchange may also cause the value of overseas investments to go up or down. Funds that invest in asset classes carrying greater risk, such as emerging markets, high yield securities and securities of small capitalisation companies may have a higher risk of loss of capital.

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Materials and information distributed by Capital Group, whether in hard copy, website or electronic format, include general news and information, commentary, interactive tools, quotes, research reports and data concerning the financial markets, securities and other subjects. Some of this content is supplied by third parties ("Third Party Content") that are not affiliated with Capital Group (each a "Third Party Content Provider"). Third Party Content is being provided for non-commercial purposes only and may not be copied, used or distributed without the permission of the relevant Third Party Content Provider. Third Party Content may be protected by United States or international copyrights. Third Party Content may not be copied, used or distributed without the permission of the relevant Third Party Content Provider. All trademarks and service marks appearing on this site are the exclusive property of their respective owners. These provisions are not intended to, and will not, transfer or grant any rights in or to the Third Party Content, and the relevant Third Party Content Provider reserves all such rights. Capital Group's use of any Third Party Content is not intended to imply that any Third Party Content Provider sponsors, endorses, sells or promotes any Capital Group investment strategies, products or services. Third Party Content is provided on an "AS IS" basis and Third Party Content Providers shall have no liability for monetary damages on account of the Third Party Content provided herein.

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These terms and conditions are governed and interpreted pursuant to the laws of the Grand Duchy of Luxembourg. If any part of these terms and conditions is deemed to be unlawful, void or unenforceable, that part will be deemed severable and will not affect the validity and enforceability of the remaining provisions. None of these terms and conditions are enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to its terms.

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Capital International Sàrl is responsible for the content of this website in Switzerland.
The Funds listed on this website are authorized by the Swiss Financial Market Authority (FINMA) for distribution in or from Switzerland. Capital International Sàrl, 3 Place des Bergues, 1201 Geneva, is the Funds’ Representative in Switzerland and JPMorgan (Suisse) SA, 8 rue de la Confédération, 1204 Geneva, acts as their Swiss Paying Agent. The prospectus, the key investor information documents, the articles of incorporation, the latest annual and semi-annual reports of the Fund can be obtained through this website and upon request free of charge from the Swiss Representative.

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Capital IdeasTM

Investment insights from Capital Group

Categories
ESG
Rob Lovelace on Capital Group’s ESG philosophy
February 22, 2023
KEY TAKEAWAYS
  • ESG risks and opportunities are important considerations when seeking superior long-term investment results for our clients.
  • Our investment teams have developed frameworks that reflect material environmental, social and governance (ESG) considerations in more than 30 sectors.
  • Our commitment to ESG is demonstrated by both its integration into The Capital System™ and how it is reflected in our own business operations.

Our mission at Capital Group is unwavering: to improve people’s lives through successful investing. Deep, fundamental research has always been at the heart of our investment approach, and we believe that considering material ESG issues as part of our research can help us understand long-term risks and opportunities for investors.


ESG is an important consideration for long-term investors


Capital Group was founded in 1931 on the belief that a deep understanding of the organisations in which we seek to invest will result in better outcomes for investors. This belief is part of our DNA and continues to shape the structure and operation of our investment effort. The hallmark of that effort is engagement. We visit companies, build relationships with their management teams and develop investment perspectives focused on long-term outcomes. Our process* rewards investment professionals for their long-term results.


We’ve always believed that knowing how organisations interact with and impact their communities, customers, suppliers and employees is important in understanding their potential as investments. We’ve sought to invest in firms that we believe are well-positioned for the future and can sustainably grow their businesses, because that should eventually be positively reflected in a company’s share price and growth trajectory.


In addition to supporting our stewardship of investor assets, ESG principles are an organisational priority and guide our own operations and corporate citizenship. We manage our business for the long term, continually investing in our people, communities and environment.


ESG is woven into our investment approach


Our research effort has always aimed to create a deep and nuanced understanding of companies and issuers. We integrate ESG into our investment approach, The Capital SystemTM, through three interrelated elements:


Research & Investment Frameworks
First and foremost, we have grounded our ESG framework in the deep fundamental research that has always been the cornerstone of our investing approach. More than 200 of Capital’s investment analysts helped create over 30 sector-specific investment frameworks to help understand ESG risks and opportunities within each sector.
Our investment professionals focus on ESG issues that can be material for specific sectors. For example, they look at privacy and data security for banks, human capital management for media and entertainment organisations, and greenhouse gas emissions for metals and mining companies. ESG integration helps refine and deepen our understanding of the companies in which we invest.


Monitoring process
We complement our in-house analysis with third-party ESG data, which can help round out our assessment of policies, practices and outlooks for our corporate and sovereign holdings. This external information has value but also limitations. Our investment decisions are built on detailed research and consider the long-term view − they are never based on monitoring results alone.


Engagement & Proxy Voting
Engagement and proxy voting are essential to what we do as active managers. We have been building relationships with companies over decades and these firms recognise our serious commitment, depth of knowledge and keen desire to learn from these interactions.
Our investment analysts and portfolio managers partner with our ESG team to engage with companies on ESG issues, to better understand how material ESG risks and opportunities are being managed.


Commitment to transparency


Robust processes and thoughtful frameworks are crucial, but we know that clients want more than pledges and opaque internal processes. They want a clearly articulated ESG approach and a straightforward methodology.


Building an in-house ESG capability supports these important objectives. We are committed to reporting on our ESG process to clients and disclose quarterly fund-level monitoring outcomes for our corporate and sovereign holdings − where data is available − to show which companies have been flagged for more in-depth review. This is just one example of the reporting datasets we are creating and distributing and we’re continuously evaluating future enhancements to our process.


Investing for the future


Capital Group is deeply committed to the integration of material ESG issues in our investment approach. It’s a firmwide effort that involves associates from nearly every part of our organisation. Since we hold Capital Group to the same high standards as the companies in which we invest, we are backing up our commitment with significant investments in our capabilities.


As we learn, we’ll continue to refine and innovate, just as we have done for more than 90 years in our business. There is much work ahead of us and we’re excited about the future. We believe that focusing on material ESG issues plays to our strength as responsible stewards of our clients’ assets.


Learn more about
ESG

*Compensation paid to our investment professionals is heavily influenced by results over one-, three-, five- and eight-year periods, with increasing weight placed on each succeeding measurement period to encourage a long-term investment approach.

 

The Capital Group companies manage 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 organisation; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Copyright © 2023 Capital Group. All rights reserved.

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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.