LOS ANGELES, Jan. 26, 2016 /PRNewswire/ -- Capital Group, home of American Funds and one of the world's leading investment management firms, announced today that Morningstar, Inc., a leading provider of independent investment research, recognized the seven-member team of investment professionals who manage the New Perspective Fund (ANWPX) as the 2015 International-Stock Fund Manager of the Year in the United States.
"The awards acknowledge managers who not only delivered impressive performance in 2015, but also showed excellent long-term risk-adjusted returns and were good stewards of fund shareholders' capital," according to Morningstar.
New Perspective Fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies that have a significant share of their sales and operations come from outside their home countries.
"Morningstar's recognition of New Perspective Fund's investment team is testament to our multimanager approach, the Capital SystemSM, which allows a talented group of portfolio managers to hold a diverse set of companies that come together as a distinct portfolio within the fund's objective," commented Rob Lovelace, principal investment officer for New Perspective Fund. "Our focus remains on delivering superior results to our investors while maintaining low fees and demonstrating resilience in market downturns."
The New Perspective Fund team includes: Rob Lovelace, Joanna Jonsson, Noriko Chen, Isabelle de Wismes, Brady Enright, Jonathan Knowles, and Steven Watson, as of the fund's prospectus, dated December 15, 2015.
About Capital Group
Since 1931, Capital Group has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. Today, Capital Group manages more than US $1.39 trillion in long-term assets for millions of individual and institutional investors around the world.*
*As of December 31, 2015
About the Morningstar Awards
Established in 1988, the Morningstar Fund Manager of the Year award recognizes managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers' funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term, risk-adjusted performance and of aligning their interests with shareholders'.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
© 2016 American Funds Distributors, Inc.
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SOURCE Capital Group Companies