US fund giant Capital Group has announced plans to build its Luxembourg fund range by launching at least one new fund each year over the next three years.
This comes as the group, which manages over $1.6trn in assets under management, celebrates half a century in Europe having launched its €500m Global Equity fund (LUX) in 1969. Founded in 1931, Capital Group now has 40 strategies spanning equities, fixed income and multi-asset, all of which follow a multi-manager structure. After SICAV-format launches over the last five years, 23 are currently available to European and Asian investors. Capital Group to bring US equity growth strategy to Europe Hamish Forsyth, president of Europe and Asia, Capital Group, said: "Capital Group's 50th a...
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