Asset Management Awards for Excellence 2019 – Best Fund Provider – Global Equity

Best Fund Provider Global Equity



Best Fund Provider – Global Equity

Jeik Sohn

managing director, financial intermediaries, Asia, Capital Group

“We are honoured to receive this award and this is a testament to the strength of our investment team and long-term approach. The New Perspective strategy has had a successful 45 years of experience navigating secular trends in the evolving global economy through bottom-up ideas in the multinational space. Investment management is Capital Group’s sole focus. As a private firm with a true long-term mindset, we can offer investors differentiated investment solutions, corporate stability, and long-term investment excellence.”

Winners rationale

In a tumultuous year that saw global equities buckle under the pressure of trade-related tensions, Capital Group defied these challenging circumstances by forging ahead in Asia with its mission to deliver industry-leading global equity funds to private banking and wealth management clients.

Indeed, as part of its efforts to ramp up its international business over the past few years, Capital Group introduced some of the firm’s highest performing and longest-running funds — hitherto only available to clients in the United States — to the Asia region. Already, the fund house’s global equity strategies are on the platforms of three major private banks and have experienced healthy net inflows from Asia’s private clients.

A key offering is the Capital Group New Perspective Fund (LUX), which kickstarted the fund house’s Asian wealth management business. A resilient bottom-up strategy that identifies global growth and innovation, the fund has outperformed the MSCI All Country World Index in all rolling three-year periods over its 45-year lifespan, proving its ability to consistently seize the opportunities offered up by globalisation.

Having grown its assets under management to over US$3.5 billion as at December 2018, the fund has contributed materially to the company’s Asian AUM, which has risen to US$20 billion from US$13 billion over the past year and a half.

Meanwhile, to spearhead the continued growth of its Asian business, Capital Group has expanded its team, which currently consists of four business development managers dedicated to its intermediaries business across Hong Kong and Singapore. These managers are further supported by a team of investment specialists, product management, business management, and marketing professionals.

Backed by a US$1.8 trillion1 global business committed to the private banking and intermediary channel, a time-tested strategy that has weathered all sorts of down markets, and glowing approval from its private banking partners, Capital Group is Asian Private Banker’s Best Fund Provider – Global Equity for 2019.

1. As at 30 June 2018. Source: Capital Group

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