Capital Group launches Capital Group Asian Horizon Fund
Capital Group, one of the largest investment companies in the world, with assets under management of more than USD2.3 trillion, has launched the Capital Group Asian Horizon Fund (LUX), allowing investors to capture Asia’s secular growth opportunities with a global perspective.
Asia is fast becoming a global economic powerhouse, and the region’s rapidly growing middle class have brought about a huge rise in the demand of everything health care and financial services to luxury goods and online entertainment. Capital Group Asian Horizon Fund (LUX) is designed to meet growing investor appetite for Asia-related stocks as global investors become increasingly aware of opportunities that arise from secular growth trends in the region.
Capital Group Asian Horizon Fund (LUX) is a high conviction portfolio, investing across the market cap and valuation spectrum to achieve long-term capital growth. The fund invests in companies with at least two-thirds of net assets based in Asia ex-Japan, including onshore China A-shares, but it also has the flexibility to invest in companies domiciled outside of the region, where Capital Group’s analysts believe that exposure to Asia will be a key driver of their future growth prospects.
By combining local and global investments, the fund is created to fully unlock access to the most exciting growth opportunities in Asia ex-Japan.
Julie Dickson, Investment Director, says: “Asia is becoming a global economic powerhouse and is home to some of the world’s most innovative and fastest-growing companies. Its multi-dimensional growth story is unique, and we are well placed to ensure that investors can tap into domiciled opportunities just as well as those outside the region that are plugged into the growth drivers within the Asian market. With our proven track record of being early investors in Asia’s emerging leaders, we believe that Capital Group Asian Horizon Fund (LUX) is a great example of helping investors to identify champions.”
Capital Group has a 30+ year heritage of investing in the Asia ex-Japan region, having launched its Emerging Markets Growth Fund in 1986. At present, Capital Group’s investments in Asia ex-Japan-domiciled companies total USD179 billion, making it a large active investor in the Asia ex-Japan markets. Capital Group’s distinctive, bottom-up fundamental investment approach focuses on all aspects of a company, including where it generates revenues and profits. The portfolio management team of the Asian Horizon Fund (LUX) are all managers on existing Capital Group equity strategies with international and emerging market exposure, and they have an average investment experience of 24 years. They are supported by over 100 investment professionals in offices across Hong Kong, Singapore, Shanghai and Mumbai, in addition to Capital Group’s extensive global analyst network.
Alexandra Haggard, Head of Product & Investment Services for Europe and Asia, comments: “The Asian Horizon Fund leverages Capital Group’s long history of successful investing in Asia ex-Japan, our world-class local and global research capabilities, as well as our high-conviction investment approach. The fund is designed to capture the most promising investment opportunities in the Asia ex-Japan region. The launch of the new fund underlines our commitment both to Asia and to enhancing our offering for clients around the world.”
Capital Group has 31 registered Luxembourg-domiciled UCITS funds across equities, fixed income and multi-asset.