Capital Group’s NPF earns “gold”
Research and ratings house, Morningstar has awarded Capital Group’s flagship 43-year old global equity strategy New Perspective Fund (NPF) an Analyst Rating of “Gold”.
The fund manager pointed out that the Morningstar rating had followed on from the “recommended” ratings delivered by both Lonsec and Zenith Investment Partners in August, last year.
The Capital Group New Perspective Fund (AU) and Capital Group New Perspective Fund Hedged (AU) are being offered in a unit trust structure with a minimum investment of $25,000.
The fund manager cited the Morningstar Global Fund Report which stated: “Capital Group New Perspective is best in class thanks to its exemplary stewardship of investor’s capital and signature multimanager approach to global equities.”
Commenting on the Morningstar rating, Capital Group senior vice president and managing director, Australia, Paul Hennessy said the firm was pleased that all the major ratings houses in Australia had recognised NPF as the type of long-term, results-driven global equity strategy that Australian investors are demanding.
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