As of July 31, the New Perspective fund is the largest global active equity strategy, managing US$151.6 billion ($203.4 billion) and boasting a 50-year track record. Capital Group vice chair and portfolio manager Jody Jonsson attributes the fund’s enduring relevance to its commitment to bottom-up research. The fund has navigated through decades of evolving economic and political landscapes by identifying multinational companies pivotal to and benefiting from transformative changes.
During prosperous market conditions, when investors are keen to explore emerging industries or sectors, investment firms often seize the chance to introduce new funds while discontinuing underperforming ones.
There are still funds with decades-long track records that generate robust returns for investors, underpinned by strong fundamentals and strategies. One such fund is Capital Group’s New Perspective fund, launched in 1973.
