Capital Group New Economy Fund (LUX) Z GBP
ISIN: LU2050928113 | MEX: CAAARZ | CITI: QOEE
This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Click here for more information.
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Buy 1,197 GBX
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Sell 1,197 GBX
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Price Change -0.91050%
Past Performance
- 29th Apr 2020 to 29th Apr 202137.24%
- 29th Apr 2021 to 29th Apr 2022-9.01%
- 29th Apr 2022 to 29th Apr 2023-2.06%
- 29th Apr 2023 to 29th Apr 202425.50%
- 29th Apr 2024 to 29th Apr 20251.43%
Objectives and Approach
The fund's investment objective is to achieve long- term growth of capital by investing in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund also aims to manage a carbon footprint that is generally at least 30% lower than the index, and evaluates and applies ESG and norms-based screening to implement a negative screening policy relating to investments in corporate issuers.
Key Information
Inception | 7th Nov 2019 |
Historic Yield | 0% |
Sector | IA Global |
Fund Size | £879.625mn |
Fund Type | SICV |
Classification | Accumulation |
Charges
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
0.9842% |
Initial Charge | 0% |
AMC | 0.75% |
Our Platform Charge We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
Cost Category | % of Investment | lump sum costs |
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Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.9842% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
lump sum invested with an assumed growth rate of | 1 year | years |
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What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Performance
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Chart Options
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This fund's IA Sector (IA Global)
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Current Comparators -
Cumulative Performance
1 month 3 months 6 months 1 year 3 years 5 years -3.13% -16.17% -8.07% 1.43% 24.66% 55.67%
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
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Management Team
Reed Lowenstein Tomoko Fortune Research Portfolio Mathews Cherian Richmond Wolf Caroline Jones Harold H. La Lara Pellini Paul Benjamin
Reed Lowenstein
has managed this fund for 4 years and 6 months.
Reed Lowenstein is a portfolio manager at Capital Group. He has 25 years of investment industry experience, all with Capital Group. Earlier in his career at Capital, he was an equity investment analyst with research responsibility for U.S. and European materials, electrical equipment, consumer durables & apparel, as well as European semiconductors, machinery and renewable energy companies. He holds a master's degree from Stanford Graduate School of Business and a bachelor's degree in drama from Tufts University, graduating magna cum laude and Phi Beta Kappa. Reed is based in New York.
Manager Cumulative Performance v Peer Group
All funds managed by Reed
Name of Security | Sole/Co | Managed Since |
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Capital Group WldGth&IncLU | Co | Feb 2024 |
Capital Group WldGth&IncLU | Co | Feb 2024 |
Capital Group WldGth&IncLU | Co | Feb 2024 |
Tomoko Fortune
has managed this fund for 4 years and 6 months.
Tomoko Fortune is an equity portfolio manager at Capital Group. She has 28 years of investment industry experience and has been with Capital Group for five years. Prior to joining Capital, Tomoko worked as a managing partner at Criterion Capital Management. Before that, she was an associate at Goldman Sachs & Co. She holds an MBA from Stanford Graduate School of Business and a bachelor's degree in economics from Dartmouth College. Tomoko is based in San Francisco.
Manager Cumulative Performance v Peer Group
Research Portfolio
has managed this fund for 5 years and 5 months.
N/A
Manager Cumulative Performance v Peer Group
All funds managed by Research
Mathews Cherian
has managed this fund for 5 years and 2 months.
Mathews Cherian is an equity portfolio manager at Capital Group. He has 27 years of investment industry experience and has been with Capital Group for 20 years. Earlier in his career at Capital, as an equity investment analyst, he covered U.S. and European semiconductor companies. Prior to joining Capital, Mathews was a senior equity analyst for Pangaea Capital in Boston. Before that, he was an equity analyst with David L. Babson and a strategy consultant with the Boston Consulting Group. He holds an MBA from Harvard Business School, and both a master's degree in computer science and a bachelor's degree in electrical science and engineering from Massachusetts Institute of Technology. Mathews is based in San Francisco.
Manager Cumulative Performance v Peer Group
Richmond Wolf
has managed this fund for 5 years and 2 months.
Richmond Wolf is an equity portfolio manager at Capital Group. As an equity investment analyst he covers U.S. medical technology companies. He has 27 years of investment industry experience and has been with Capital Group for 18 years. Prior to joining Capital, he was the assistant vice president for technology transfer at the California Institute of Technology and a cofounder of WebEventBroadcasting and Xen Golf. He holds a PhD from the California Institute of Technology, and a bachelor's degree from Princeton University graduating cum laude. Richmond is based in Los Angeles.
Manager Cumulative Performance v Peer Group
Caroline Jones
has managed this fund for 5 years and 5 months.
Caroline Jones is an equity portfolio manager at Capital Group. She has 25 years of investment industry experience and has been with Capital Group for 20 years. Earlier in her career at Capital, as an equity investment analyst, she covered U.S. homebuilding, U.S. health care services, regional banks and small- and mid-cap diversified banks. Before joining Capital, she was a financial analyst at Goldman Sachs & Co. She holds an MBA from the Wharton School of the University of Pennsylvania where she graduated as a Palmer scholar, and a bachelor's degree in commerce from the University of New South Wales in Australia. Caroline is based in San Francisco.
Manager Cumulative Performance v Peer Group
Harold H. La
has managed this fund for 5 years and 5 months.
Harold H. La is an equity portfolio manager at Capital Group. He has 26 years of investment industry experience and has been with Capital Group for 25 years. Earlier in his career, as an equity investment analyst at Capital, Harold covered Indian IT services, Asian semiconductors, Korean small-cap companies, Asian banks and diversified financials. Prior to joining Capital, Harold was an auditor at KPMG. He holds an MBA from Kellogg School of Management at Northwestern University and a bachelor's degree from the University of Western Ontario. He also holds the Chartered Financial Analyst® designation. Harold is based in Hong Kong.
Manager Cumulative Performance v Peer Group
Lara Pellini
has managed this fund for 3 years and 2 months.
Lara Pellini is an equity portfolio manager at Capital Group. She has 22 years of investment industry experience, all with Capital Group. Earlier in her career at Capital she was an equity investment analyst, covering European, Eurasian and Latin American retail and luxury goods. Lara began her career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. Prior to joining Capital, she was a research fellow for the International Labor Organisation in Geneva, and a research assistant to the economics chair of the IULM University in Milan. She holds a master's degree in economics of labor and industrial relations from the London School of Economics and a laurea in public relations and economics of information from the IULM University, Milan. Lara is based in London.
Manager Cumulative Performance v Peer Group
All funds managed by Lara
Name of Security | Sole/Co | Managed Since |
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Capital Group WldGth&IncLU | Co | Feb 2021 |
Capital Group WldGth&IncLU | Co | Feb 2021 |
Capital Group WldGth&IncLU | Co | Feb 2021 |
Paul Benjamin
has managed this fund for 11 months.
Paul Benjamin is an equity portfolio manager at Capital Group. He has 18 years of investment industry experience, all with Capital Group. Earlier in his career at Capital, he was an equity investment analyst, covering U.S. large-cap software companies. Prior to joining Capital, he managed the European operations for Interelate, a technology start-up funded by Goldman Sachs. He holds an MBA from Stanford Graduate School of Business and a bachelor's degree in finance and religion from Northwestern College graduating magna cum laude. Paul is based in Los Angeles.
Manager Cumulative Performance v Peer Group