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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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Secure Risk Level 0
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Cautious Risk Level 1 – 2
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Fund Code: CGNEE
Capital Group New Economy Fund (LUX) Bh-EUR       
Risk Level: 4
Offering Document: 
 
Investment Objective
The investment objective of the Fund is long-term growth of capital. Current income is a secondary consideration. The Fund seeks to achieve its objectives 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 objectives, 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. On an ancillary basis, as described below in the “Specific Investment Guidelines and Restrictions”, the Fund may invest into non-convertible debt securities.
Investment Strategy
HSBC investment category:
Sector
Investment type:
Equity
Investment style:
Equity
Interest rate sensitivity:
-
Investment instrument:
Stock, Cash
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 31-10-2020)
Asset allocation
Stock
Bond
Cash
Other
92.56%
0.00%
7.44%
0.00%
Total number of equity holdings: 213
Total number of bond holdings : 0
Equity holdings geographical allocation
Equity holdings sector allocation
Top 10 holdings
Holding % of net asset
Netflix Inc 4.60
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 3.62
Top 10 underlying holdings
% of asset in Top 10 holdings -
Amazon.com Inc 3.23
Top 10 underlying holdings
% of asset in Top 10 holdings -
Facebook Inc A 2.64
Top 10 underlying holdings
% of asset in Top 10 holdings -
Broadcom Inc 2.27
Top 10 underlying holdings
% of asset in Top 10 holdings -
Tencent Holdings Ltd 2.26
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ceridian HCM Holding Inc 2.25
Top 10 underlying holdings
% of asset in Top 10 holdings -
Alibaba Group Holding Ltd Ordinary Shares 2.08
Top 10 underlying holdings
% of asset in Top 10 holdings -
UnitedHealth Group Inc 1.76
Top 10 underlying holdings
% of asset in Top 10 holdings -
Mastercard Inc A 1.71
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 26.42
Fund Performance
(as of 31-10-2020)
Fund: Capital Group New Economy Fund (LUX) Bh-EUR
Index:
Fund performance is not calculated for fund which has less than 6 months history.
Fund Price Information
(as of 27-11-2020)
Fund price is not calculated for fund which has less than 6 months history
Indicative fund price:
  • NAV:
EUR 11.23
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
1.26%
52 week low-high:
EUR 9.83 - EUR 11.23
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 31-10-2020)
Annualised return:
-
Standard deviation:
-
Sharpe ratio:
-
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.
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:
EUR
Fund class inception date:
21-09-2020
Fund share class size (Million):
EUR 0.21
(as of 27-11-2020)
Fund manager
(Start date):
HaroldH. La (07-11-2019)
TimothyD. Armour (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)
Fund house:
-
Morningstar Rating:

ISIN:
LU2230629466
Initial Investment Amount:
1000
Other fund classes available with HSBC:
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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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