$2.6 Trillion Asset Manager Capital Group Partners with DBS to Distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking Clients in Hong Kong & Singapore, Invests in Corporate Investment Grade Bonds Worldwide, DBS to Distribute 2 Capital Group Funds – Capital Group Global Corporate Bond Fund & Capital Group New Economy Fund
2nd July 2024 | Hong Kong
Leading asset manager Capital Group with $2.6 trillion AUM has formed a partnership with DBS to distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking clients in Hong Kong & Singapore, with the Capital Group Global Corporate Bond Fund investing in corporate investment grade bonds worldwide. With the partnership, DBS will distribute 2 Capital Group funds – the Capital Group Global Corporate Bond Fund & the Capital Group New Economy Fund. Capital Group (2/7/24): “Capital Group, one of the world’s largest active asset managers, with assets under management of more than US$2.6 trillion, has partnered with DBS to distribute its Capital Group Global Corporate Bond Fund (LUX) (GCB) to clients in Singapore and Hong Kong. DBS’ personal banking, Treasures and private banking clients will now be able to make direct investments to the fund. GCB invests in corporate investment grade bonds worldwide and is designed for long-term stability. Its global approach provides diversification. Launched in 2018, the Luxembourg-domiciled UCITS is backed by fundamental research, managed by a principal investment officer and a global team of 16 sector analysts investing in their highest convictions. DBS will now distribute Capital Group Global Corporate Bond Fund (LUX) and Capital Group New Economy Fund (LUX), a global equity fund focused on growth and innovation.
“ $2.6 Trillion Asset Manager Capital Group Partners with DBS to Distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking Clients in Hong Kong & Singapore, Invests in Corporate Investment Grade Bonds Worldwide, DBS to Distribute 2 Capital Group Funds – Capital Group Global Corporate Bond Fund & Capital Group New Economy Fund “
Grant Leon, Head of Financial Intermediaries, Asia and Europe, Capital Group: “We are delighted to expand our partnership with DBS to bring more of our leading investment funds to their clients in Asia. DBS clients can now access the high-quality fixed income opportunities of Capital Group’s Global Corporate Bond fund alongside our existing Capital Group New Economy fund, a global equity fund focused on growth and innovation. History shows that as Fed rate hikes near an end, fixed income has generated superior returns to cash. GCB provides an opportunity to lock in future income by investing at current yields today, while offering a potential stabilising effect in times of volatility.”
Hou Wey Fook, Chief Investment Officer, DBS: “High starting yields in bonds today are indicative of strong future returns. Barring an unexpected resurgence of inflation, a scenario of slow rate cuts amid a soft landing in the US economy bodes well for credit. Investors should therefore stay invested, deploying excess cash into bonds to lock in today’s higher yields while they are still available. We believe the sweet spot to be with A/BBB investment grade corporates, with an average portfolio duration in the 3–5-year region given the inverted yield curve. We are excited to continue partnering with Capital Group to offer our clients access to its 51-year strong active fixed income capabilities, complementing our suite of offerings to support clients in achieving a balanced portfolio and reach their investment goals.”
$2.6 Trillion Asset Manager Capital Group Partners with DBS to Distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking Clients in Hong Kong & Singapore, Invests in Corporate Investment Grade Bonds Worldwide, DBS to Distribute 2 Capital Group Funds – Capital Group Global Corporate Bond Fund & Capital Group New Economy Fund
About Capital Group
Capital Group is one of the oldest and largest asset management companies in the world, managing multi- asset, equity and fixed income investment strategies for different types of investors. Since 1931, Capital Group has been singularly focused on delivering superior, consistent results for long-term investors using high conviction portfolios, rigorous research and individual accountability. Today, Capital Group works with financial intermediaries and institutions to manage more than US$2.6 trillion in long-term assets for investors around the world.
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