Capital Group to launch UCITS version of flagship US equity strategy

Bringing strategies to Europe

US fund giant Capital Group is set to launch its flagship US strategy, Investment Company of America (ICA), as a UCITS fund available to European investors in June.

The firm, which is responsible for $1.4trn in AUM, will launch its longest-standing strategy as a UCITS Luxembourg-domiciled vehicle, which will follow the same investment approach as the existing fund. ICA, which launched in 1934, has returned 12.9% per annum according to the group's own figures, beating the average return of 10.7% from the S&P 500 over the same period. Richard Carlyle (pictured), investment director, said: "The strategy's research-driven, fundamental investment philosophy has remained consistent for eight decades with long-term investment horizons, valuation discipl...