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.
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
