333 South Hope Street
Los Angeles, CA 90071-1447
Google Maps
Contact
Main Phone: 213-486-9200
Web Site:
http://www.americanfunds.com
Mutual Fund Brand(s)
American Funds
Research Links
SEC Fund Filings by CIK
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Background:
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The third largest fund complex at the start of 2009. Known for its low profile with all but financial advisors and brokers and its focus on team-asset management.
Capital Group distributes its American Funds mutual fund family through brokers. As part of its core strategy to partner with, rather than compete with, brokers, its sole marketing efforts are made to financial intermediaries. For the same reason it shuns media coverage -- it did not have a dedicated PR team until after 2000.
Founding
Then a partner at Detroit-based of E.E. MacCrone & Co., Jonathan Bell Lovelace pulled most of his assets out of stocks in the summer of 1929 after deciding that stock prices no longer bore relation to the fundamentals. He moved to California and created JBL (now Capital Group) in 1931.
In 1932 he launched The Investment Company of America as a closed-end investment trust. The fund was open-ended in 1933 and is now a flagship of American Funds.
In 1958 The Capital Group created its "multiple portfolio counselor system" for its mutual funds.
In 1986 American Funds launched the first emerging markets growth fund in the U.S.
In 2002, American Funds expanded its presence in the U.S. retirement plan market and became a leading provider of 529 college savings plans.
American Funds is credited with the creation of "R" shares now widely used in the defined contribution plan market. Its laddered series of share classes allow plan sponsors and their advisors to create fund line-ups with cost structures in line with plan expenses.
Capital Group is employee owned, with its stock split into class A (one vote) and class B (10 votes) shares. Roughly 60 employees control the voting shares of the company.
Shunning the spotlight is also a key ethos in the firm's investment culture. Instead of star PMs, funds are managed by teams of associates. Portfolios are divided into sleeves each managed by an associates who act upon their highest investment convictions. The firm is also noted for its strategy of offering bonuses that reward long-term performance, such as that for four and eight year periods.
Cap Group currently has over 7,000 associates globally.
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Sponsored Opportunities
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Key People:
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Tim Armour
Chairman, CEO, Capital Group | Rob Lovelace
Vice Chair, President, Capital Group | Phil De Toledo
Capital Group | Mike Gitlin
Chair of the Fixed Income Management Committee, Capital Group | Martin Romo
President, PM, Capital Research Company, Inc. | Jody Jonsson
President, Capital World Investors | Brad Vogt
Chairman, PM, Capital Research Company | Jaya Kumar
Global Chief Marketing Officer, Capital Group | American Funds | Darcy Kopcho
Equity PM, Capital Group | Pete Thatch
Senior Vice President, Director of Product Management, , American Funds | Kevin Clifford
President & CEO of American Funds Distributors, American Funds Distributors, Inc, | James Lovelace
Vice Chairman & Principal Executive Officer, American Funds | Michael Downer
President, Capital Research and Management | Denise Cassin
Director, SVP & Director of AFIG and Dealer Relations, American Funds | Bruce DePriester
Director, SVP, Treasurer and Controller, Capital | John Fodor
Co Founder, NextGen Recruiters | Bill Anderson
Senior Vice President, Director of Institutional Product Management, American Funds Distributors, Inc. | Dean Rydquist
Director, Senior Vice President, Chief Compliance Officer, American Funds | Jeff Klepacki
Head of Intermediary Distribution in North America, Vontobel Asset Management | Mark Dence
Senior Vice President, National Account Director, American Funds (Capital Group | Drea Neville
Product Management Specialist, American Funds | Lorin Liesy
Director Institutional Retirement Product Management, Capital Group | American Funds |
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