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Capital Group launches New Economy Fund amid virus worries

Wed, Mar 04, 2020 - 5:50 AM

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

PHOTO: CAPITALGROUP.COM

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...

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