Capital Group World Div Growers (AU) is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Income Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Capital Group World Div Growers (AU) has Assets Under Management of 5.71 M with a management fee of 0.95%, a performance fee of 0.00% and a buy/sell spread fee of 0%.
• The portfolio returned -2.0%1 before fees over the quarter, while the index returned -0.3%.2 Net of fees, the portfolio returned -2.1%3 over the quarter. Over a one-year period, the portfolio returned -5.4%1 before fees, and -6.3%3 after fees, compared with the index’s return of -10.9%2.
Relative contributors:
• Communication services: Not owning Google parent Alphabet was beneficial as its shares lost 12%, suffering from worries over the outlook for advertising spending amid signs of slowing economic growth and increasing fears over the risk of a global recession in 2023.
• Energy: A holding in oil and natural gas producer EOG Resources was a positive as shares rose 3%, buoyed by good second-quarter results, together with soaring natural gas prices. EOG announced a special dividend after quarterly revenue surged past forecasts, boosted by firmer production and higher realised prices for oil and natural gas.
• Materials: An above-index position in commodities producer Sociedad Química y Minera de Chile SA proved beneficial as shares ended the quarter 18% higher. The company showed robust growth across its business line with demand for lithium being particularly strong as a result of strong electric vehicle sales.
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