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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund:
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Fund Code: CGNES
Capital Group New Economy Fund (LUX) Bh-SGD       
Risk Level: 3
Offering Document: 
 
Investment Objective
The fund seeks long-term growth of capital. 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. In pursuing its investment objective, the Fund invests primarily in common stocks that the Investment Adviser believes have the potential for growth. The Fund also invests in common stocks with the potential to pay dividends. The Fund may invest a significant portion of its assets in issuers based outside the United States, including those based in developing countries.
Investment Strategy
HSBC investment category:
Sector
Investment type:
Equity
Investment style:
Equity
Interest rate sensitivity:
-
Investment instrument:
Stock, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 31-10-2024)
Asset allocation
Stock
Bond
Cash
Other
96.93%
0.00%
2.75%
0.32%
Total number of equity holdings: 193
Total number of bond holdings : 0
Equity holdings geographical allocation
Equity holdings sector allocation
Top 10 holdings
Holding % of net asset
Broadcom Inc 6.21
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 4.82
Top 10 underlying holdings
% of asset in Top 10 holdings -
Amazon.com Inc 3.96
Top 10 underlying holdings
% of asset in Top 10 holdings -
Meta Platforms Inc Class A 3.22
Top 10 underlying holdings
% of asset in Top 10 holdings -
NVIDIA Corp 3.01
Top 10 underlying holdings
% of asset in Top 10 holdings -
Taiwan Semiconductor Manufacturing Co Ltd 2.61
Top 10 underlying holdings
% of asset in Top 10 holdings -
UnitedHealth Group Inc 2.21
Top 10 underlying holdings
% of asset in Top 10 holdings -
Eli Lilly and Co 2.06
Top 10 underlying holdings
% of asset in Top 10 holdings -
SK Hynix Inc 2.05
Top 10 underlying holdings
% of asset in Top 10 holdings -
MercadoLibre Inc 1.98
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 32.13
Fund Performance
(as of 30-11-2024)
Fund: Capital Group New Economy Fund (LUX) Bh-SGD
Index:
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • -
  • -
  • 4.07
  • -34.64
  • 18.64
  • 16.05
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 10-12-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (SGD).
Indicative fund price:
  • NAV:
SGD 22.16
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.72%
52 week low-high:
SGD 17.35 - SGD 22.49
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 30-11-2024)
Annualised return:
1.35%
Standard deviation:
20.07%
Sharpe ratio:
0.06
Alpha:
-
Beta:
-
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
Fees and Charges
Initial charge:
0.0525
Annual management fee (maximum):
0.015
Distribution fee:
-
Redemption fee:
0
Performance fee:
-
Highest contingent deferred sales charge:
-
Switching Fee:
-
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
SGD
Fund class inception date:
21-09-2020
Fund share class size (Million):
SGD 7.83
(as of 29-11-2024)
Fund manager
(Start date):
HaroldH. La (07-11-2019)
Caroline Jones (07-11-2019)
Mathews Cherian (01-02-2020)
Richmond Wolf (01-02-2020)
Tomoko Fortune (01-10-2020)
Reed Lowenstein (01-10-2020)
Lara Pellini (01-02-2022)
PaulR. Benjamin (01-05-2023)
Fund house:
Capital Group Investment Management Pte. Ltd.
Morningstar Rating:

ISIN:
LU2230629383
Initial Investment Amount:
1000
Other fund classes available with HSBC:
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Disclaimers:


The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed. The dividend information is for your reference only and it is not indicative of future performance.

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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.


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