Capital Group Global Equity (AU) is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Fundamental Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Capital Group Global Equity (AU) has Assets Under Management of 190.03 M with a management fee of 0.96%, a performance fee of 0.00% and a buy/sell spread fee of 0.2%.
The recent investment performance of the investment product shows that the Capital Group Global Equity (AU) has returned 0.1% in the last month. The previous three years have returned 10.73% annualised and 12.4% each year since inception, which is when the Capital Group Global Equity (AU) first started.
There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Capital Group Global Equity (AU) first started, the Sharpe ratio is NA with an annualised volatility of 12.4%. The maximum drawdown of the investment product in the last 12 months is 0% and -44.1% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Capital Group Global Equity (AU) has a 12-month excess return when compared to the Foreign Equity - Large Fundamental Index of 4.74% and -0.33% since inception.
Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Capital Group Global Equity (AU) has produced Alpha over the Foreign Equity - Large Fundamental Index of NA% in the last 12 months and NA% since inception.
For a full list of investment products in the Foreign Equity - Large Fundamental Index category, you can click here for the Peer Investment Report.
Capital Group Global Equity (AU) has a correlation coefficient of 0.93 and a beta of 0.31 when compared to the Foreign Equity - Large Fundamental Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
For a full quantitative report on Capital Group Global Equity (AU) and its peer investments, you can click here for the Peer Investment Report.
For a full quantitative report on Capital Group Global Equity (AU) compared to the Developed -World Index, you can click here.
To sort and compare the Capital Group Global Equity (AU) financial metrics, please refer to the table above.
This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.
If you or your self managed super fund would like to invest in the Capital Group Global Equity (AU) please contact Level 18 56 Pitt Street Sydney NSW 2000 Australia via phone 61-2-8038-0800 or via email -.
If you would like to get in contact with the Capital Group Global Equity (AU) manager, please call 61-2-8038-0800.
SMSF Mate does not receive commissions or kickbacks from the Capital Group Global Equity (AU). All data and commentary for this fund is provided free of charge for our readers general information.
Over the quarter, Capital Group Global Equity Fund (AU) returned-2.4% before fees, whilethe index returned 0.3%. Net of fees, the fund returned -2.5%. Over a one-year period, the portfolio returned -14.6% before fees, and -15.4% after fees, compared with the index’s return of -9.8%.
Sector attribution:
• Investment choices in the health careand consumer staples sectors detracted fromrelative results.
• In contrast, stock selection in the materials and utilities sectors added to relative returns.
Contributors and detractors
• Health care: Shares of Seagenslid after the drugmaker lost an arbitration dispute with Daiichi Sankyo over the use of its antibody-drug conjugate technology.
• Consumer staples: Shares of Ocado fellafter the online supermarket slashed its sales and earnings guidance for the 2022 fiscal year.
• Materials: Chile-based miner Sociedad Quimica Y Minera saw its shares climbon strong demand and ongoing pricing strength in lithium.
• Utilities: Shares of electricity generator and distributor AES rose on the back of strong second-quarter results, with the company beating earnings and revenue estimates.
Over the quarter, CapitalGroup Global Equity Fund (AU) returned-8.3%1before fees, whilethe index returned -8.4%2 .Net of fees, the fund returned -8.6%. 3 Over a one-year period, the portfolio returned -11.4%1 before fees, and -12.2%3 after fees, compared with the index’s return of -6.5% .
Contributors and detractorsfor Q2 2022:
• Consumer discretionary: Not holding Tesla helped as its shares slid 38% against a deteriorating economic outlook, with worries on the potential for demand to slow, especially as the electric vehicle company continued to raise prices for its models in response to increasing input costs, pressuring affordability for its customers.
• Financials: Insurer AIA Group’s shares gained 5% on easing coronavirus restrictions. In April, the company said its businesses were regaining momentum in areas where coronavirus infections had peaked.
• Information technology: Shares of Dutch semiconductor equipment maker ASMLlost 25% during the quarterfollowing worries over a potential slowdown in demand for the semiconductor industry alongside continuing supply chain constraints and cost pressures.
• Materials: Brazilian miner Vale saw its shares fall 20% during the quarter. Industrial metals prices fell given waning Chinese demand and rising concerns over the risk of a global recession amidcentral banks’ aggressive response to elevated inflation.
Over the quarter, Capital Group Global Equity Fund (AU) returned -9.4% before fees, while the index returned -8.4%. Net of fees, the fund returned -9.6%. Over a one-year period, the portfolio returned 5.3% before fees, and 4.3%3 after fees, compared with the index’s return of 11.6%.
U.S. equities eked out a small gain despite elevated volatility late in the quarter. Investors weighed the prospects of the recovering consumer against concerns over rising inflation and interest rates. A fraught political environment also contributed to September’s 5% decline, the worst monthly return since March 2020. Gross domestic product grew at an annualised 6.7% rate in the second quarter, supported by ongoing stimulus measures and the continued reopening of businesses. In August, the unemployment rate declined to 5.2%, a pandemic-era low, while consumer spending ticked up.
Over the quarter, Capital Group Global Equity Fund (AU) returned 1.4%1 before fees, while the index returned 4.0%2. Net of fees, the fund returned 1.1%.3 Over a one-year period, the portfolio returned 26.5%1 before fees, and 25.3%3 after fees, compared with the index’s return of 27.8%2.
For the month ended 30 April 2021, Capital Group Global Equity Fund (AU) returned 3.8%1 before fees while the index returned 3.2% 2. Net of fees, the fund returned 3.7%3. For the 12-month period, the portfolio returned 28.3%1 before fees, and 27.0%3 after fees, compared to the index’s return of 23.0%2.
• Stock selection in the consumer discretionary sector contributed positively to relative returns. A position in online casino solutions provider Evolution Gaming Group was the portfolio’s top relative contributor after it released an impressive set of first quarter 2021 results, which boosted its shares to end the month 30% higher. The Sweden-based company’s overall revenues were up 105% year-on-year while organic growth in its core live business accelerated from 50% to 60% as regulatory momentum remains positive in the US while areas of growth are appearing in the Philippines, Japan and Latin America.
Over the quarter, Capital Group Global Equity Fund (AU) returned 8.1%1 before fees, while the index returned 5.7%2. Net of fees, the fund returned 7.8%.3 Over a one-year period, the portfolio returned 7.9%1 before fees, and 6.9%3 after fees, compared with the index’s return of 5.7%2.
Sector attribution for Q4 2020:
• Stock selection in the information technology and industrials sectors drove returns on a relative basis.
• However, the selection of stocks in the consumer discretionary and real estate sectors weighed on relative results.
Contributors and detractors for Q4 2020:
• A large position in semiconductor equipment manufacturer ASML proved beneficial as the stock ended the period up 27% on better-than-expected business margins. While the company lowered its sales guidance for extreme ultraviolet (EUV) lithography machines for financial year 2021, increasing evidence of a recovery in the dynamic random access memory (DRAM) space has improved investor sentiment towards the stock.
• Shares of aerospace giant Airbus jumped 45% over the quarter due to strong order and delivery numbers in October. The launch of several COVID-19 vaccines has also brought life back to the severely impacted aviation industry due to the increased possibility of lockdown restrictions being lifted sooner rather than later.
• In contrast, Ocado Group, a British online grocer, was a leading detractor on a relative basis. Its shares fell 17% even though Ocado raised its full-year profit forecast on the back of strong retail sales growth. A key reason for the negative response from investors was due to weak growth in order numbers, which suggests that shopping behaviour could be about to normalise.
• Shares of data center real estate investment trust (REIT) Equinix dropped 6% during the quarter on profit taking but still ended the year 24% higher. Lockdown restrictions globally have prompted a surge in demand for storing and distributing data, benefitting the business of data center REITS.
Product Snapshot
Product Overview
Performance Review
Peer Comparison
Product Details