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Blue Chips Fill This Fine World-Stock Fund

Blue Chips Fill This Fine World-Stock Fund

Alec Lucas: Gold-rated American Funds New Perspective is one of the best options in the world large-stock Morningstar category. The fund looks across the globe for promising companies whose markets extend beyond their home region. Its focus on multinational blue chips can include a double-digit stake in firms domiciled in emerging markets.

But these companies tend be dominant global players in their industry. Current top-10-holding Taiwan Semiconductor Manufacturing, for example, is the world's largest contract chipmaker whose customers include Apple and Qualcomm. The fund has done well investing in tech stocks, especially semiconductor companies, but its portfolio remains diversified by sector and geography.

The fund has seven veteran managers. In line with American Funds' multimanager system, each manager oversees a portion of the fund's asset base and is free to invest according to his or her own style.

The fund had a down year in 2016 but bounced back well in 2017, finishing in the category's top quintile for the calendar year. That's in keeping with the fund's long-term record.

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About the Author

Alec Lucas

Director of Manager Research
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Alec Lucas is director of manager research, active funds research, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He is a voting member of the Morningstar Medalist Ratings Committee for U.S. and international fixed-income strategies, covers fixed-income strategies from asset managers such as Baird and American Funds.

Lucas is also active in parent research. He is a voting member of the U.S. parent ratings committee and previously served as the lead analyst for Franklin Templeton, Capital Group, and Vanguard, among other firms.

Lucas was a strategist on Morningstar's equity strategies team prior to assuming his current role in June 2022. He covered equity strategies from asset managers such as Primecap and American Funds and received the 2019 Citywire Professional Buyer Rising Star Award.

Before joining Morningstar in 2013, Lucas worked as a minister as well as a professor for Loyola University Chicago, among other institutions. From 2010 to 2011, he was a Fulbright Scholar at the University of Heidelberg.

Lucas holds bachelor's degrees in philosophy and classics from the University of Missouri-Columbia, where he graduated summa cum laude and with departmental honors, and a Master of Divinity, summa cum laude, from Trinity International University. He also holds a doctorate in theology, with distinction, from Loyola University Chicago and has published several articles and one book within that field.

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