The New World vehicle is the third fund to be made available to European investors as part of Capital Group’s 2015 initiative to expand the investor base of its most successful US strategies.
It follows the $500m (£383m, €447m) Capital Group New Perspective Fund launched in October last year and the Capital Group Investment Company of America, introduced this June.
Capital Group, which currently has $1.4tn in assets under management, has a 30-year history of investing in emerging markets.
Its New World EM fund, now worth $26bn, was launched in the US in 1999 and harnesses what the firm describes as a “domicile-agnostic approach” to target local emerging market businesses and global multinationals that benefit from developing world growth.
Throughout its lifetime, the New World fund has achieved a return of 7.4% per annum in dollar terms, according to the firm.