$2.7 Trillion Capital Group Celebrates 90th Anniversary of Firm Oldest Strategy with $193 Billion AUM, Investment Company of America (ICA) Strategy Aims to Achieve Long-Term Capital Growth & Income by Targeting Long-Term Winners Across United States Economy, Strategies Shifted from Construction & Oil in 1940s to Technology & Healthcare Today, ICA is Managed by 10 Portfolio Managers with 31 Years Median Investment Experience
7th September 2024 | Hong Kong
United States asset manager Capital Group with $2.7 trillion AUM is celebrating the 90th anniversary of the firm’s oldest strategy with $193 billion AUM, with the Investment Company of America (ICA) strategy aiming to achieve long-term capital growth & income by targeting long-term winners across United States economy. The strategies shifted from construction & oil in the 1940s to technology & healthcare today. Investment Company of America (ICA) is managed by 10 portfolio managers with 31 years of median investment experience. Capital Group (3/9/24): “Capital Group, one of the world’s largest and most experienced active investment managers, with more than US$2.7 trillion assets under management, is celebrating 90 years of the Capital Group Investment Company of America (ICA) strategy. A core, diversified US equity portfolio with US$193 billion in assets under management, ICA is Capital Group’s oldest strategy. The strategy seeks to achieve long-term capital growth and income by investing in companies across the breadth of the US economy, targeting long-term winners. The strategy has adapted over the nine decades since launch, shifting from investments in construction and oil in the 1940s, to embracing advancements in technology and health care today. In keeping with Capital Group’s investment approach, the strategy is managed by multiple portfolio managers, not a single manager. ICA has ten portfolio managers with median investment experience of 31 years.” In 2024 July, Capital Group formed a partnership with DBS to distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking clients in Hong Kong & Singapore, with the Capital Group Global Corporate Bond Fund investing in corporate investment grade bonds worldwide.
“ $2.7 Trillion Capital Group Celebrates 90th Anniversary of Firm Oldest Strategy with $193 Billion AUM, Investment Company of America (ICA) Strategy Aims to Achieve Long-Term Capital Growth & Income by Targeting Long-Term Winners Across United States Economy, Strategies Shifted from Construction & Oil in 1940s to Technology & Healthcare Today, ICA is Managed by 10 Portfolio Managers with 31 Years Median Investment Experience “
Toby Chan, Head of Client Group for Hong Kong & Greater China, Capital Group: “Capital Group stands out for its time-tested suite of strategies with long track records. As we celebrate 90 years of our first strategy, Capital Group Investment Company of America (ICA), it continues to be available for investors today in Hong Kong and Singapore as a Luxembourg-domiciled UCITS fund. ICA exemplifies Capital Group’s approach to delivering enduring strategies to our clients which remain relevant through multiple market cycles.”
Jeik Sohn, Head of Client Group for Singapore & Southeast Asia, Capital Group: “We’re delighted to mark the 90th anniversary of the Capital Group Investment Company of America (ICA) strategy, representing our expertise and credentials in US equities. ICA remains an attractive proposition for clients who want to participate in growth and income opportunities whilst also being mindful of downside risks. The core, diversified portfolio is well positioned for an expected broadening of the market in the coming quarters.”
$2.6 Trillion Asset Manager Capital Group Partners with DBS to Distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking Clients in Hong Kong & Singapore, Invests in Corporate Investment Grade Bonds Worldwide, DBS to Distribute 2 Capital Group Funds – Capital Group Global Corporate Bond Fund & Capital Group New Economy Fund
2nd July 2024 – Leading asset manager Capital Group with $2.6 trillion AUM has formed a partnership with DBS to distribute Capital Group Global Corporate Bond Fund to DBS & DBS Private Banking clients in Hong Kong & Singapore, with the Capital Group Global Corporate Bond Fund investing in corporate investment grade bonds worldwide. With the partnership, DBS will distribute 2 Capital Group funds – the Capital Group Global Corporate Bond Fund & the Capital Group New Economy Fund. Capital Group (2/7/24): “Capital Group, one of the world’s largest active asset managers, with assets under management of more than US$2.6 trillion, has partnered with DBS to distribute its Capital Group Global Corporate Bond Fund (LUX) (GCB) to clients in Singapore and Hong Kong. DBS’ personal banking, Treasures and private banking clients will now be able to make direct investments to the fund. GCB invests in corporate investment grade bonds worldwide and is designed for long-term stability. Its global approach provides diversification. Launched in 2018, the Luxembourg-domiciled UCITS is backed by fundamental research, managed by a principal investment officer and a global team of 16 sector analysts investing in their highest convictions. DBS will now distribute Capital Group Global Corporate Bond Fund (LUX) and Capital Group New Economy Fund (LUX), a global equity fund focused on growth and innovation.
Grant Leon, Head of Financial Intermediaries, Asia and Europe, Capital Group: “We are delighted to expand our partnership with DBS to bring more of our leading investment funds to their clients in Asia. DBS clients can now access the high-quality fixed income opportunities of Capital Group’s Global Corporate Bond fund alongside our existing Capital Group New Economy fund, a global equity fund focused on growth and innovation. History shows that as Fed rate hikes near an end, fixed income has generated superior returns to cash. GCB provides an opportunity to lock in future income by investing at current yields today, while offering a potential stabilising effect in times of volatility.”
Hou Wey Fook, Chief Investment Officer, DBS: “High starting yields in bonds today are indicative of strong future returns. Barring an unexpected resurgence of inflation, a scenario of slow rate cuts amid a soft landing in the US economy bodes well for credit. Investors should therefore stay invested, deploying excess cash into bonds to lock in today’s higher yields while they are still available. We believe the sweet spot to be with A/BBB investment grade corporates, with an average portfolio duration in the 3–5-year region given the inverted yield curve. We are excited to continue partnering with Capital Group to offer our clients access to its 51-year strong active fixed income capabilities, complementing our suite of offerings to support clients in achieving a balanced portfolio and reach their investment goals.”
About Capital Group
Capital Group is one of the oldest and largest asset management companies in the world, managing multi- asset, equity and fixed income investment strategies for different types of investors. Since 1931, Capital Group has been singularly focused on delivering superior, consistent results for long-term investors using high conviction portfolios, rigorous research and individual accountability. Today, Capital Group works with financial intermediaries and institutions to manage more than US$2.6 trillion in long-term assets for investors around the world.
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