Capital Group launches US equity fund in Europe
Capital Group is set to launch its flagship US equity strategy Investment Company of America (ICA) as a Ucits fund available to European investors as of June 2016.
The new ICA fund will be Luxembourg domiciled and manged by managed by the same investment team that manages the US strategy. The US based strategy exists sine more than 80 years, according to Capital Group, it has achieved a return of 12.9% per annum.
“The strategy’s research-driven, fundamental investment philosophy has remained consistent for eight decades with long-term investment horizons, valuation discipline and a focus on seasoned companies with an emphasis on future dividends. This has provided growth over different market cycles and has typically offered downside protection in depressed or volatile market conditions,” comments Capital Group investment director Richard Carlyle (pictured).
Capital Group has been present in Europe since the 1960s and has offices and sales branches in Amsterdam, Frankfurt, Geneva, London, Luxembourg, Madrid, Milan and Zurich.