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.
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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