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Capital Group launches New Economy Fund amid virus worries

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Mr Budden says the New Economy Fund offers exposure to companies "at the cutting edge of the new economy''.

Singapore

THE outlook for equities has darkened as the global outbreak of Covid-19 casts a pall on corporate earnings, manufacturing activity and services, says Andy Budden, US-based Capital Group's investment director.

Still, Mr Budden is optimistic, despite his expectation that a...