Seeing opportunities in changing trade patterns
Capital Group says many parts of digital economy, for example, are not captured in traditional metrics of international trade and GDP.
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WHO wins or loses in today's escalating trade conflict? The answer, as Capital Group Companies vice-chairman and portfolio manager Robert Lovelace sees it, isn't as straightforward as picking a country or any country at all.
The group's flagship New Perspective Fund sets out to examine changing global trade patterns, and through bottom-up research and engagement with companies, to glean investment ideas from them. Mr Lovelace is one of seven portfolio managers of the fund.
"(The New Perspective Fund) isn't a growing trade fund; but it's about changing world trade patterns. The definition of what's happening now is a change in the pattern.
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