Steven Smith, Investment Director for the Elite Rated Capital Group New Perspective fund, talks to us about how the fund’s original investment ethos - determined nearly 50 years ago - has evolved, and continues to evolve in today’s markets. He discusses how globalisation has changed their investment perspective, how growth stocks are being evaluated on slightly tweaked criteria to match the expectations of a recessionary market, and how a greater breadth of equity market leadership is good for active stock pickers.

He also tells us about the benefits of having the fund’s investment analysts actively managing part of the portfolio, about how the long-term experience of the portfolio managers stands them in good stead for a wide range of varying investment cycles and markets, and concludes with a detailed analysis of 5 key factors that are driving the fund’s positioning today.


What's covered in this episode:

• Is globalisation dead?
• The evolution of the term ‘trade’, from physically traded goods to intangible data flows
• How the fund is reacting to a less binary investment environment
• Repositioning the fund to capture the next cycle
• Growth stocks - and volatility - in a new investment environment
• How the fund’s 50-year track record stands it in good stead for the next 50
• How having investment analysts brings a greater depth of experience to stock-picking
• Watching for a deeper recession, driven by earnings decline in the US
• Outlook for 2023

More about the fund:
This is the flagship global equities strategy of Capital Group. It has a track record of almost 50 years, investing in some of the world’s largest multinational firms that are able to benefit from transformational changes in the global economy. The fund has a unique multiple manager structure, with each of the nine named managers running their ‘sleeve’ in their own way. Their best ideas are blended together for a diversified portfolio.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.