US fund giant Capital Group has announced plans to bring across its US equity growth strategy, AMCAP, to Europe and Asia.
Launched in Europe on 16 June as a Luxembourg-domiciled UCITS fund, it will employ the same investment approach that the US strategy has applied since launch. The $55bn strategy will invest in quality growth companies with clear business models, strong management and a proven track record, employing a bottom-up fundamental stock selection approach. Capital Group continues European push with New World UCITS launch The launch is the latest in a wider move to bring many of the firm's strategies to Europe. According to Capital Group, the fund has delivered annualised returns of 13....
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