Investment manager Capital Group has launched its flagship global equity strategy as an Open-Ended Investment Company (OEIC) in the UK, named the Capital Group UK – New Perspective Fund.
This fund aims to help UK investors capitalise on the transformational changes occurring in the global economy, as highlighted by Capital Group research, which found that over 60% of UK financial intermediaries agree such changes are underway.
The fund is based on a proven, time-tested strategy that uses bottom-up research to identify multinational companies with strong growth potential and resilience in the face of global shifts.
According to investment manager, UK intermediaries see artificial intelligence as the most promising megatrend, with 71% identifying it as the best investment opportunity over the next 12 to 24 months. Other trends, such as energy transition (13%), healthcare innovation (9%), and evolving globalisation (6%), may be underappreciated.
Chris Miles, head of UK Financial Intermediaries, Capital Group, adds: “Our research shows that 70% of intermediaries consider it difficult to find an equity fund that can demonstrate its ability to invest through market cycles and periods of uncertainty. At Capital Group, we are dedicated to ensuring UK intermediaries have access to durable, time-tested investment strategies in their quest to achieve their clients’ long-term financial goals, and we believe the launch of New Perspective OEIC fund, based on a strategy with a 51-year history, could fill that gap.”
The outlook on equities remains positive, with 58% of intermediaries planning to increase their investments over the next year. Equities are the preferred asset class, with 61% of intermediaries expecting to raise their allocations in the coming year. Moreover, 71% believe multinational companies offer the strongest growth potential over the coming decades.
The launch of the fund provides UK investors with an opportunity to tap into global megatrends through a strategy designed for an evolving world, shared the investment manager.
Steve Smith, equity investment director, Capital Group, added: “Change in the global economy is constant, but the current landscape stands out due to a unique blend of numerous structural shifts happening all at once. In this new era, investment strategies like New Perspective offer the flexibility to navigate market shifts unrestricted by sector, theme, or style, to capture a broad opportunity set and the new reality of investing.”
