Capital Group, which owns the American Funds, filed plans with regulators this week to launch three new actively managed exchange traded funds.
The new ETFs are:
- Capital Group International Equity ETF (CGIE), which seeks to provide prudent capital growth and conservation of principal
- Capital Group World Dividend Growers ETF (CGDG), which seeks to provide long-term capital and income growth by investing in companies globally that provide a combination of current yield and dividend growth
- Capital Group Core Balanced ETF (CGBL), a multi-asset strategy that aims to provide high total return, including income and capital gains, consistent with capital preservation over the long term.
Capital Group said the ETFs are the first of several new strategies, with more set to launch in the fall. It currently has a suite of nine ETFs.
"Every ETF we bring to market solves for a problem or a need we have heard [about] directly from advisors. That is why CGIE, CGDG and CGBL have been designed to help advisors and investors navigate volatility while delivering against long-term investment objectives … ," Scott Davis, Capital Group ETFs director, said in a statement.
Davis called CGBL one of the first active, transparent multi-asset ETF strategies, adding, "We have a long track record of expertise in multi-asset investment management with our mutual funds, and we are confident CGBL will fill an important gap in the ETF landscape while serving as a core solution within investment portfolios."
