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.

  • Buy 1,197 GBX

  • Sell 1,197 GBX

  • Price Change -0.91050%

Accumulation

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

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

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
Our annual fee

Our annual fee

Includes 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 charges

Any 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 costs

Product 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
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
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
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
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
What you might get back at with charges applied

What you might get back at with charges applied

These 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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      Current Comparators


      • Cumulative Performance

        1 month3 months6 months1 year3 years5 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

      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.

      Fund Provider Factsheet
      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. &nbsp;
      FUND PROVIDER FACTSHEET
      282,006 bytes PDF Document; last updated 31 Mar 2025
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      93,011 bytes PDF Document; last updated 17 Feb 2025
      Pre-contractual Disclosure Report
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      5,350,481 bytes PDF Document; last updated 31 Dec 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      8,204,917 bytes PDF Document; last updated 30 Jun 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      3,183,462 bytes PDF Document; last updated 11 Apr 2025

      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 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

      Performance Graph

      All funds managed by Reed

      Name of Security Sole/Co Managed Since
      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 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

      Performance Graph

      Research Portfolio has managed this fund for 5 years and 5 months.

      Research Portfolio N/A

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Research

      Name of Security Sole/Co Managed Since
      Capital Group EMDtL Co Jul 2007
      Capital Group JEqL Co Apr 2006
      Capital Group EMTlOpL Co Feb 2008
      Capital Group EMTlOpL Co Feb 2008
      Capital Group EMTlOpL Co Feb 2008
      Capital Group EBdL Co Oct 2003
      Capital Group EBdL Co Oct 2003
      Capital Group JEqL Co Apr 2006
      Capital Group EMLCcyDt Co Oct 2023
      Capital Group GEqL Co Dec 1969
      Capital Group GEqL Co Dec 1969
      Capital Group JEqL Co Apr 2006
      Capital Group JEqL Co Apr 2006
      Capital Group WDiGrL Co Aug 2013
      Capital Group WDiGrL Co Aug 2013
      Capital Group EMDtL Co Jul 2007
      Capital Group EmMarGr Co May 1990
      Capital Group NewWdL Co Oct 2016
      Capital Group NewWdL Co Oct 2016
      Capital Group AMCAPFdL Co Jun 2017
      Capital Group USCrpBdL Co Mar 2017
      Capital Group USCrpBdL Co Mar 2017
      Capital Group GblCrpBdL Co Feb 2018
      Capital Group GblCrpBdL Co Feb 2018
      Capital Group GblCrpBdL Co Feb 2018
      Capital Group EmMarGr Co May 1990
      Capital Group WldGth&IncLU Co Sep 2019
      Capital Group WldGth&IncLU Co Sep 2019
      Capital Group WldGth&IncLU Co Sep 2019
      Capital Group ErpnOppsLX Co Feb 2021
      Capital Group USCrpBdL Co Mar 2017
      Capital Group EMLCcyDt Co Oct 2023
      Capital Group NwPerspL Co Oct 2015
      Capital Group NwPerspL Co Oct 2015
      Capital Group NwPerspL Co Oct 2015
      Capital Group NwPerspL Co Oct 2015
      Capital Group AMCAPFdL Co Jun 2017
      Capital Group AMCAPFdL Co Jun 2017

      Mathews Cherian has managed this fund for 5 years and 2 months.

      Mathews Cherian 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

      Performance Graph

      Richmond Wolf has managed this fund for 5 years and 2 months.

      Richmond Wolf 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

      Performance Graph

      Caroline Jones has managed this fund for 5 years and 5 months.

      Caroline Jones 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

      Performance Graph

      Harold H. La has managed this fund for 5 years and 5 months.

      Harold H. La 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

      Performance Graph

      Lara Pellini has managed this fund for 3 years and 2 months.

      Lara Pellini 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

      Performance Graph

      All funds managed by Lara

      Name of Security Sole/Co Managed Since
      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 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

      Performance Graph

      Investment involves risk. You may get back less than invested.