Capital Group expands Luxembourg range with European Opportunities fund

Part of 'ambitious growth plans' in Europe and Asia

Capital Group has added to its equity fund range for European and Asian investors with the launch of a strategy that invests in European companies across the market cap spectrum.

The European Opportunities fund, structured as a Luxembourg-domiciled UCITS, will offer investors access to a strategy that was previously only available as a segregated account in Europe and Asia. Capital Group said the strategy was "resilient", having returned in excess of 5.5% per annum over the past five years. Capital Group hires from BlackRock for newly-created role The new fund will invest in companies that are not "primarily reliant on the health of the domestic European economy" and that have a global client base, providing diversified revenue streams. The portfolio man...