Capital Group New Geography Equity ETF

CGNG

Valor de mercado US$ 2,99 bi

Since the 2019 ETF Rule, asset managers have flooded the market with active ETFs, offering investors a rapidly growing space of actively managed choices. In fact, over the last twelve months, active ETFs have seen outsized flows relative to their AUM — despite holding less in assets compared to their passive counterparts.

In a span of just four years, The Capital Group Companies went from ETF rookie to perennial All-Star. The Los Angeles-based firm has already amassed over $120 billion in assets dispersed across its suite of 25 active ETFs.

Capital Group New Geography Equity ETF offers global equity exposure with a unique revenue-based, look-through approach across developed and emerging markets. CGNG maintains a balanced portfolio, overweight tech, with a 16.7x P/E and 2.9x P/B, and targets developed-markets-like volatility. Performance has been strong but volatile, with a 17% annualized volatility and -13% drawdown during market stress; the expense ratio is 0.64%.

Star managers are making the move to ETFs.

Capital Group first launched ETFs less than two and a half years ago, but is not slowing down. The firm's asset base is just under $35 billion, aided by nearly $10 billion thus far in 2024.

On Thursday, Capital Group unveiled seven new ETFs to bolster its growing lineup of funds. Each of the seven funds is actively managed.

New services include four equity and three fixed income ETFs, bringing Capital Group's ETF platform to 21 LOS ANGELES, June 27, 2024 /PRNewswire/ -- Capital Group has introduced seven new active, transparent exchange-traded funds (ETFs) to complement its existing suite of core building block solutions for investor portfolios. The new strategies, including four equity and three fixed income ETFs, start trading on the New York Stock Exchange (NYSE) today.