A BBC News story posted online on Oct. 21, 2019 (https://www.bbc.com/news/business-50089887) has dispelled much, though not all, of the mystery surrounding Mark Denning’s departure from Capital Group. The veteran American Funds investor had left parent company Capital Group about six weeks prior on Sept. 9 for what the firm would only describe at the time as a “personnel decision.” As it turns out, conflicts of interest were at the heart of the matter.
Will IGAAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IGAAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IGAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IGAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares IGAAX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether IGAAX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.