All Equities articles
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White papersThree strategies for investing amid AI whiplash
The debate over artificial intelligence has taken a sharp turn. Initial exuberance over AI’s transformative potential sparked investor fears of an AI bubble. But that concern has now been overshadowed by anxiety that the AI juggernaut will steamroll large segments of the global economy.
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White papersLNG Shock – but in a war, someone is always making money
In this note, Jim Wright, Fund Manager of the Premier Miton Global Infrastructure Income Fund, examines the reported damage to Qatar’s Ras Laffan LNG terminal - a facility responsible for around 20% of global imported LNG - and the shockwaves it has sent through energy markets. He also highlights how rapidly expanding LNG capacity in the US and Canada positions North America to play an increasingly important role in supporting global supply in the years ahead.
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White papersPure momentum
Momentum trading strategies exploit return persistence, but conventional past-year cumulative-return measures generate a noisy signal that attenuates performance. We propose a pure momentum strategy that identifies trends directly from daily returns. Our method reduces volatility, tail risk, and transaction costs while enhancing profitability. Performance is primarily driven by long positions in winners, supporting theories postulating overconfidence. The bad news, instead, appears to be incorporated more slowly. In particular, we show that omitting the most recent month is unnecessary to identify winners.
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White papersThe overlooked role of small and mid-caps in impact investing
In the dynamic landscape of impact investing, small and mid-cap companies can be powerful engines of positive change. While large-caps often dominate both headlines and portfolios, investors seeking tangible impact alongside competitive returns should take a closer look at the opportunities presented by smaller listed firms. In a recent episode of our podcast series Inside Impact Investing, we discussed how allocating capital to these companies can help drive societal progress while also contributing to financial performance.
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White papersGlobal SMID Equity Engagement: 2025 annual report
The Fund has the twin aims of investing in and engaging with companies to generate both long-term investment returns and positive societal impact in support of the UN Sustainable Development Goals (SDGs). In this report we outline our progress during 2025.
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White papersA new phase for Japanese equity investment
Factors such as persistent yen depreciation and short-term, stimulus-oriented fiscal measures have historically played a significant role in shaping valuations and investment styles in Japanese equities. However, signs are emerging that these structural premises are gradually changing.
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White papersMarkets on a roller coaster
“The market response to the Middle East crisis has been driven chiefly by concerns about inflation. This episode reaffirms our view that investors should remain diversified and maintain multiple layers of resilience and quality within portfolios.”
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White papersRisk Assets: Dispersion Trumps Directionality
2026 was unlikely to be a year for broad market beta. The Middle East conflict and the AI-driven sell-off have now made that case impossible to ignore.
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White papersDefining the lower mid-market: the benefits of a more focused approaching private equity
We believe private equity’s lower mid-market is rich with opportunity, yet it remains inconsistently defined. Investors exploring the segment in search of improved returns are faced with varying interpretations of what the lower mid market encompasses.
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White papersAsia ex-Japan outlook 2026: A tale of two markets
China and South Korea, two of Asia’s most dynamic markets, have fared very differently in 2026. In this three‑part video series, James Cook, Investment Director – Emerging Markets, outlines which sectors the Asia ex-Japan team think are poised to outperform this year, and how to navigate the risks ahead. Notwithstanding the recent Middle Eastern conflict-related EM sell-off, the team retains conviction in the potential for continued outperformance in 2026.
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White papersHow the Iran war changes the economic outlook
War in Iran has injected new uncertainty into the global economy, reviving concerns that high oil prices could drive inflation up, strain consumer spending and weigh on economic growth.
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White papersGlobal Equity ESG Annual Report: Navigating Volatility with Purpose
As climate change reshapes energy, food and water systems, physical risk is becoming ever more financially material. In this report, the Global Equity team discuss their approach to assessing physical risk – at a company and portfolio level – and outline where they see future opportunities.
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White papersGalloping across the digital bridge: Rural Asia’s Fire Horse transformation
For years, the prevailing story about rural Asia was one of a stubborn digital divide; remote villages seemingly stuck far behind the glittering megacities. Today, that story is being rewritten, says Vikas Pershad, Portfolio Manager, Asia Pacific Equities. He reveals how, across Asia’s hinterlands, a digital bridge is rapidly connecting rural communities in ways few imagined possible.
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White papersFrom Memes to Themes: Addressing Emergent Risk
The meme stock craze was a reminder that risk isn’t a static concept. It evolves with global events, technology, and policy changes. Traditional risk metrics are useful, but they often fail to capture thematic risks.
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WebinarWebinar: The world in 2031 - Megatrends to watch
Watch equity portfolio managers Rob Lovelace and Alan Wilson discuss how advances in AI, drug discovery and industrial innovation could influence everyday life — and what these changes may mean for long-term investors.
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White papersMarket implications amid renewed geopolitical uncertainty
Rising geopolitical tensions are increasing market uncertainty, with potential spillovers into energy prices, inflation expectations, and global risk sentiment.
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White papersReforms and reflation: unlocking Japanese equity upside
The Japanese equity market has underperformed for many years and has traded at a lower price-to-book (P/B) valuation than global peers. This discount has been warranted because return-on-equity (ROE) has been lower, reflecting an inflated denominator: balance sheets are overly large.
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White papersCan growing Chaebol reform in Korea spark an equity market re-rating?
Corporate reform is one of the cornerstone developments outlined as part of what we at Capital Group are calling the Great Global Restructuring. Asian equity markets in particular have faced a persistent challenge over recent years, namely misalignment between controlling shareholders and minority investors.
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White papers3 views on the US-Iran conflict
As war in the Middle East escalates, investors are confronted with the reality of a world that is becoming more dangerous. With markets reacting minute by minute to the news, it is helpful to take a step back and consider events in a broader context. With that in mind, three Capital Group investment professionals offer their assessments of the developing US-Iran conflict.
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White papersInvestment Implications of the Iran Conflict
Many investors awoke to the news Saturday that the US and Israel had launched attacks on Iran in what President Donald Trump called “major combat operations” to destroy Iran’s military capabilities and eliminate the threat of nuclear weapons production in the country. Iran quickly retaliated against the strikes, which had resulted in the death of Iranian Supreme Leader Ayatollah Ali Khamenei, by launching counterattacks aimed at Israel and US military installations across the region, marking a sharp escalation in Middle East tensions and sending shockwaves through global markets.
