Capital Group’s NPF earns “gold”

morningstar Capital Group funds management equity

1 March 2017
| By Staff |
expand image

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.

Read more about:


Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry



Old Fella

Of course a survey commissioned by an adviser coaching business would find that having an external business coach is a k...

12 hours 53 minutes ago
One foot out the door

A financial planner is expected to earn between $95,000 and $120,000 per year, depending on the state. Really? I don't...

22 hours ago

The whole thing is a bit frightening especially the last note where notes on what might be done could result in the need...

1 day 19 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 6 days ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

4 weeks ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

6 days 21 hours ago