Investing through 50 years of innovation, January 2024

Steve Smith, investment director at Capital Group, explores the success of Capital Group’s flagship equity strategy, Capital Group New Perspective, on its 50th anniversary. Steve sheds light on the fund’s remarkable journey and its continued relevance in the ever-changing investment landscape. He highlights three key factors contributing to the fund’s longevity and emphasises its consistent diversification across sectors and global economic shifts dating back to the 1970s. The interview concludes with the outlook for equity markets in 2024 as Steve shares insights into the potential shifts in economic regimes, the role of interest rates, and the evolving leadership dynamics in stock markets.