Investment Giant Makes Flagship Strategy Available As UK OEIC

The strategy, which has been around since March 1973, is now available in a fund form suitable for regular UK investors.

Capital Group,
an investment house with more than £2.1 trillion ($2.79
trillion) in assets under management, has launched its flagship
global equity strategy as an open-ended investment company (OEIC)
in the UK.

The launch of Capital Group UK – New Perspective Fund (NPF UK)
enables UK investors to tap into changes in the world economy
which more than 60 per cent of UK financial intermediaries agree
are occurring, according to Capital Group research.

The NPF UK strategy uses bottom-up research to identify and
invest in multinational companies that the firm thinks offer
strong growth opportunities and resilience capable of driving and
benefiting from global change.

“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 new reality of investing,” Steve
Smith, equity investment director, Capital Group, said in a
statement. 

In its survey of 205 professional investors, all of whom are
retail intermediaries, Capital Group found that 71 thought that a
single megatrend – artificial intelligence – was the best
investment opportunity for the next 12 to 24 months. Other
megatrends – such as energy transition (13 per cent), healthcare
innovation (9 per cent), and evolving globalisation (6 per cent)
– could be being overlooked.

Investors are most confident with investing in equities (56 per
cent) and 61 per cent of those expect to boost equity allocations
in the coming year. Within equities, multinational companies are
viewed by 71 per cent of intermediaries as offering strong growth
prospects over the coming decades.

“Our research shows that 70 per cent of intermediaries
consider it difficult to find an equity fund that can demonstrate
its ability to invest through market cycles and periods of
uncertainty,” Chris Miles, head of UK financial intermediaries,
Capital Group, said.

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