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MFWire: American Funds
MUTUAL FUND FAMILY PROFILES [BETA]
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Capital Group Cos.
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

  • Background:
    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.
    Capital Group Cos. logo

    Sponsored Opportunities



    Key People:
    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
    Story Archive for Capital Group Cos.
    Published On Story Headline Publication
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    11/22/2022 One Month, $102B In Net Outflows MFWire.com
    11/14/2022 A $45B Reversal MFWire.com
    11/1/2022 A Former 401k Leader Retires From a $2.2T-AUM Firm 401kWire.com
    10/28/2022 A $2.2T-AUM Firm Debuts Its 2nd ETF Batch MFWire.com
    10/17/2022 Only One Titan Wins As Industry Outflows Jump MFWire.com
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    9/16/2022 Long-Term Funds Take a $3.7T Hit MFWire.com
    8/29/2022 17 of the Best Employers For Women Fundsters MFWire.com
    8/22/2022 Active Outflows Surpass Passive Inflows By $13B MFWire.com
    8/12/2022 Outflows Fall By $48B MFWire.com
    7/27/2022 Passive Inflows Fall By $42B; Active Outflows Fall By $19B MFWire.com
    7/19/2022 Down $2.737T In a Year MFWire.com
    6/29/2022 Fund Firms React to Roe v. Wade's Demise MFWire.com
    6/23/2022 Passive Funds Bounce Back By $74B MFWire.com
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    5/19/2022 A $104B Fall MFWire.com
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    4/6/2022 TD Plus Managed Accounts: Two Firms Team Up 401kWire.com
    3/22/2022 A $2.7T-AUM Titan's New Offering Starts With Large DC I-O Clients 401kWire.com
    3/21/2022 Cap Group Takes On Participant Engagement 401kWire.com
    3/14/2022 Industry Flows Rebound Fivefold to $48B, But ... MFWire.com
    3/3/2022 A $2.7T-AUM Titan Debuts Its First ETFs MFWire.com
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    2/14/2022 AUM Slips Five Percent As Inflows Fall 90 Percent MFWire.com
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    10/20/2021 Cap Group Teams Up On a TDF-Ret Income Combo 401kWire.com
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    5/14/2021 D&I Leaders Call For Resources, Not Just Initiatives MFWire.com
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    1/19/2021 2020 Inflows Fell, But Giants' Dominance Grew MFWire.com
    9/15/2020 JPMAM Takes the Lead As Titans' Inflows Slip Again MFWire.com
    9/2/2020 Cap Group Preps Two KPA Support Updates 401kWire.com
    8/21/2020 Active Inflows Fall 58 Percent MFWire.com
    8/14/2020 Inflows Fall 41 Percent MFWire.com
    7/16/2020 Titans' Inflows Climb Another 85 Percent MFWire.com
    6/15/2020 T. Rowe Leads This Abbreviated Awards Race MFWire.com
    3/16/2020 Inflows Plunge By 69 Percent MFWire.com
    3/6/2020 170 Fundsters Gather As 92 Fund Firms Win Big MFWire.com
    1/23/2020 JPMAM Keeps Its Lead MFWire.com
    1/15/2020 The $183B Year MFWire.com
    1/13/2020 Fundsters Added $3.9T In AUM Last Year MFWire.com
    12/30/2019 Who Runs the Best Funds of the Year? MFWire.com
    12/19/2019 A Bank's Active Funds Lead MFWire.com
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    4/16/2019 Fidelity and T. Rowe Lead This New Old Awards Race MFWire.com
    4/15/2019 The Largest Firms Gobble 98 Percent of Flows MFWire.com
    3/19/2019 Bogles' Bunch Dominates Both Sides MFWire.com
    3/12/2019 Passive Inflows Drive February Growth MFWire.com
    3/8/2019 T. Rowe, Fidelity, Pimco and OpFunds Crush It In Gotham MFWire.com
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    1/28/2019 Active Outflows Dwarf Passive Inflows MFWire.com
    1/25/2019 Expect Miracles Takes Manhattan For a Fifth Time MFWire.com
    1/18/2019 Only Five Behemoths Netted December Inflows MFWire.com
    1/17/2019 Only Two Firms Added More Than $10B In 2018 MFWire.com
    12/11/2018 Four Fund Firms Are Repeatedly Among the Best Workplaces MFWire.com
    11/21/2018 A Retirement Plan's Bespoke Funds Won October MFWire.com
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    10/17/2018 New Lens: Active vs Passive Winners MFWire.com
    9/18/2018 Kevin Clifford Passes the Reins MFWire.com
    8/21/2018 A 28-Year American Funds Vet Retires MFWire.com
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    3/23/2018 A Super-OSJ Preps Its Models For Cetera's Platform MFWire.com
    3/8/2018 Which Five TDF Giants Are Gaining Market Share? 401kWire.com
    2/28/2018 Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple MFWire.com
    2/26/2018 Despite a Shift, Passive Titans Still Dominated January Flows MFWire.com
    1/29/2018 Week In Preview, January 29-February 4 MFWire.com
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