CGDG 的最大持仓包括英国石油公司（BP）、博通公司（Broadcom）、Equinix、日本电信电话公司（Nippon Telegraph and Telephone）、菲利普莫里斯国际公司（Philip Morris International）和台湾半导体公司（Taiwan Semiconductor）。
将股票与主动型债券 ETF 相结合
另一个相对较新的 Capital Group ETF 是 Capital Group Core Balanced ETF (CGBL)。"Framsted 补充说："CGBL 是为投资组合的核心而设计的，它在一个节税工具中提供证券选择、资产配置和再平衡。
最近，该 ETF 有 63% 的资产为股票，其余为全球债券或现金。该基金通过投资于 Capital Group 的一个或多个固定收益交易所交易基金来配置债务证券。股票则由红利股和成长股（如 Meta Platforms 和 UnitedHealth Group）瓜分。通过 Capital Group Core Plus Income ETF (CGCP)，CGBL 混合投资了投资级和投机级债券。
In September, Capital Group expanded its already popular active ETF lineup. The five new ETFs included two new equity ETFs, two new fixed income ETFs, and one asset allocation ETF. We had a chance to dive into a pair of these ETFs and understand what management finds appealing heading into 2024.
“Our most recent active ETF launches are a continuation of our desire to equip advisors with the building blocks they use most frequently to build robust models for their clients,” explained Holly Framsted, head of global product strategy at Capital Group. Framsted and two portfolio managers met with VettaFi at the New York Stock Exchange this week.
Looking for Attractive Dividend Growers
One of the new ETFs is the Capital Growth Dividend Growers ETF (CGDG). The fund’s management actively selects shares of companies with a strong combination of current yield and dividend growth over the long term. It recently had 49% of assets in the U.S. It also had a mix of developed European and Asian stocks, and a 7% stake in emerging markets.
“The market is in a volatile transition phase. It’s digesting higher interest rates brought on by elevated inflation,” noted Grant Cambridge, equities portfolio manager at Capital Group. “Higher borrowing costs take time to impact businesses, individuals, and the broader economy. There are well-founded concerns for many companies. A narrow group of anointed companies are leading the market. That provides an opportunity to invest in a number of interesting, overlooked companies. We are finding companies that can best adapt to the changing environment and grow the dividend on a persistent basis.”
CGDG’s largest positions included BP, Broadcom, Equinix, Nippon Telegraph and Telephone, Philip Morris International, and Taiwan Semiconductor.
Blending Stocks With an Active Bond ETF
Another relatively new Capital Group ETF is the Capital Group Core Balanced ETF (CGBL). “CGBL is built to serve the core of portfolios by offering security selection, asset allocation, and rebalancing in a tax-efficient vehicle,” added Framsted.
The ETF recently had 63% of assets in equities with the remainder in global bonds or cash. The fund allocates to debt securities by investing in one or more of Capital Group’s fixed income exchange traded funds. The equity stake was split between dividend payers and growth stocks like Meta Platforms and UnitedHealth Group. Via the Capital Group Core Plus Income ETF (CGCP), CGBL had a mix of investment-grade and speculative grade bonds.
Where Risk Is Warranted in Fixed Income
“Risk sectors such as credit and MBS look more attractive than we might have thought earlier in the year,” commented John Queen, fixed income portfolio manager for Capital Group. CGCP had 44% of assets in mortgaged-backed obligations. It also had 31% in corporate debt instruments, and 13% in Treasuries at end-September.
“That view has less to do with changes in valuations and more to do with the economic environment which looked quite tenuous following the bank failures of March 2023,” he added. “Investment-grade corporate bonds offer reasonable spreads over Treasuries. They also offer a solid fundamental picture as companies extended their maturity stack during the extremely low rates of the past few years. Mortgage-backed securities offer attractive current prices and should do particularly well if interest rate volatility declines.”
CGCP is one of the six Capital Group ETFs managing more than $1 billion in assets. This group of actively managed ETFs is led by the Capital Group Dividend Value ETF (CGDV) and the Capital Group Growth ETF (CGGR).
:
| 
:
| 
:期货量化学习 | 
:期货量化 | 
微信：
|
TB/MC开户优惠政策:/thread-5986-1-1.html；2025年最新交易所手续费表
：/thread-7537-1-1.html；
自2023.03.23日起，新启用程序化学习量化策略网（量化超市），单独策略也可以购买了，解决一部分网友不想购买一年会员而只是想要某一个或几个策略的问题，具体参考：/thread-139285-1-1.html； 
2025年最全的Python编程与程序化（量化）教程、视频、源码、课件、资源汇总贴：/thread-152864-1-1.html； 
【1981年-2025年欧美期货、程序化、量化杂志、期货电子书等中文翻译目录汇总！】（注册登录后可看！） 
2025年最全的C++期货程序化（量化）教程、视频、源码、课件、资源汇总贴：/thread-160231-1-1.html ；（ 管理员
：
，
：
，
：
）;
欧美杂志精华：
