LU2230629201
Capital Group New Economy Fund AUD-Hedged

  • Equities
  • Global
  • AUD Cash
  • Accumulating
Invest with
AUD Cash
Payout type
Accumulating
Risk rating
5
About this fund
Description
The Fund seeks to achieve its objective 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.
Key information
Annual report
Product Highlight Sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Unique investment process whereby the total portfolio assets are split into nine portfolios, eight managed by different portfolio managers with different investment styles and one managed by the research analysts (Research Portfolio).
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people
People
Capital Group is one of the world’s oldest and largest asset managers with around US$2.7trillion assets under management. Managed by an experienced team of 8 PMs with an average industry experience of more than 25 years and is supported by a large and resourceful global research team.
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performance
Performance
Strong performance with a better upside and downside capture ratio relative to the benchmark since inception.
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process
Process
Uses fundamental bottom-up approach to identify fast-growing companies that benefit from innovation, exploit new technologies or provide products and services to meet the demands of an evolving global economy.The resulting portfolio is a spectrum of over 200 companies across different market capitalisations as the pioneers of innovation in their respective sectors.
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cost
Cost
Access to clean retail share class with no trailer fees to achieve the lowest possible fee.
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selectionCriteria
How it fits in a portfolio
Investors looking for exposure to innovative companies to meet the demands of an evolving global economy can consider an allocation to the Fund. The Fund displays solid risk metrics and is well-managed by a team of industry veterans with a proven track record of outperformance. Investors should be aware that the fund can be narrower in scope than traditional funds that are exposed to the broader market. Hence as a thematic fund, this fund will be more suited as a satellite strategy than as a core part of an investor’s portfolio. Updated as of 30/11/2022
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
45.30%
YTD
10.79%
1 month
1.30%
6 month
9.54%
1 year
15.68%
3 year
60.91%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-35.87%As of Aug 2025
Volatility
16.56%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-5.0%-3.7%-7.8%-0.2%7.6%7.6%1.5%1.3%----
202422.3%1.9%5.8%2.8%-4.9%3.4%5.8%-0.4%1.9%1.5%-0.2%3.9%-0.8%
202324.9%7.2%-1.6%3.4%0.4%2.0%4.1%3.4%-1.6%-5.1%-1.8%8.5%4.5%
2022-31.9%-12.3%-2.9%0.1%-11.3%-2.5%-7.5%7.8%-2.7%-7.9%3.8%4.7%-5.1%
20219.4%-0.8%2.2%-1.2%4.2%-0.9%3.6%0.1%3.3%-3.7%5.4%-4.0%1.4%
Top Exposures
Broadcom Inc6.60%
Microsoft Corp5.95%
NVIDIA Corp4.91%
Amazon.com Inc4.04%
SK Hynix Inc3.26%
Taiwan Semiconductor Manufacturing Co Ltd2.95%
Micron Technology Inc2.77%
Meta Platforms Inc Class A2.70%
Eli Lilly and Co2.07%
Taiwan Semiconductor Manufacturing Co Ltd ADR2.07%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.65%0.90% p.a.
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Fund facts
ISIN
LU2230629201
Fund house
Capital Group
Fund size
A$1.2B
As of 11 Sep 2025
Fund inception date
21 Sep 2020
Fund class currency
AUD
Fund share class
Bh AUD
Oldest share class ISIN
LU2032731189
Oldest share inception date
07 Nov 2019
Pricing frequency
Daily

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