Capital Group brings ‘New World’ EM fund to Europe

Added 20th September 2016

Capital Group has announced it will make its emerging markets strategy available to investors outside the US this October via a Luxembourg vehicle.

Capital Group brings ‘New World’ EM fund to Europe

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.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Kristen McGachey

Senior Reporter

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.

This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.

Features

Why you should care about the German elections

Why you should care about the German elections...

You may be forgiven for not staying up late this Sunday to watch the final results of Germany’s parliamentary elections come in. While chancellor Merkel is sure to win, the scale of her victory is likely...

Analysis

Profiles

Directories

Canada Life International Limited
Canada Life International...

Canada Life International Canada Life House,...

Tweets

Events

IA International Portfolio Bond Forum Glasgow 2017
IA International Portfolio Bond Forum Glasgow 2017

Thursday 16 November
The Grand Central Hotel, Glasgow

IA Future Advisory Forum Dubai 2017
IA Future Advisory Forum Dubai 2017

Wednesday 22 November
The Shangri-la Hotel, Dubai

IA Best Practice Adviser Awards Middle East 2017
IA Best Practice Adviser Awards Middle East 2017

Wednesday 22 November
The Shangri-La Hotel, Dubai

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...