Capital Group history

OUR HISTORY

We trace our roots back to the Great Depression and the Dust Bowl. Our founder, Jonathan Bell Lovelace, was an investing pioneer whose emphasis on fundamental research continues to guide us. Through periods of prosperity and uncertainty, market bubbles and declines, we’ve always put investors first.

Here’s a brief look at our history and some of Capital Group’s pioneering endeavors:

1931

Capital Group is founded in Los Angeles by Jonathan Bell Lovelace.

 

1934

We assume management of The Investment Company of America® (ICA), the first of what would become the American Funds® family of mutual funds.

1943

Our New York office opens.

 

1944

ICA's headquarters move to Los Angeles.

1950

We determine to sell American Funds only through financial professionals — we still believe in the value of advice.

 

1953

An investment in Royal Dutch Petroleum makes Capital Group one of the first U.S.-based firms to invest outside North America.

 

1958

The Capital System℠, our approach to portfolio management, is established.

1962

Our first office outside the U.S. opens in Geneva.

 

1965

Associates in our Geneva office create the Capital International indices (now known as the Morgan Stanley Capital International S.A. indices) — the first set of stock market indices for non-U.S. markets.

 

1968

We begin managing the assets of large institutional clients and also establish a recordkeeping company to service shareholders of American Funds.

1974

We begin serving high-net-worth investors through a group now known as Capital Group Private Client Services.

 

1978

We begin managing non-U.S. assets for U.S.-based institutional clients.

 

1979

Our London office opens.

1982

Our Tokyo office opens, followed by Hong Kong in 1983 and Singapore in 1989.

 

1983

We open our first dedicated service center for American Funds shareholders in Southern California. Today, we operate service centers in San Antonio, TX; Norfolk/Virginia Beach, VA; Indianapolis, IN; and Irvine, CA.

 

1986

In response to the World Bank’s request for a vehicle for institutions to invest in developing nations, we launch an emerging markets growth fund — the first of its kind.

 

1987

American Funds acquires its 1 millionth shareholder.

1997

We launch americanfunds.com.

2000

We begin offering investment management services for individuals in Canada.

 

2002

American Funds expands its presence in the U.S. retirement plan market and becomes the leading provider of 529 college savings plans.

 

2003

We begin offering investment management services for individuals in Europe.

 

2008-2009

We expand our emerging markets' reach when we open offices in two new locations: Mumbai, India, and Beijing, China (which moved to Shanghai in 2020). 

2011

Our first permanent office in Sydney, Australia, opens.

 

2012

The American Funds Portfolio SeriesSM of eight objective-based funds of funds is introduced. We open a Luxembourg office.

 

2013

Sales offices open in Milan and Zurich.

 

2014

Our Private Equity team establishes an office in São Paolo (since closed). A sales office opens in Madrid.

 

2015

American Funds’ proprietary recordkeeping platform surpasses 1 million participants. A sales office opens in Frankfurt.

 

2016

American Funds introduces three new bond funds. Capital Ideas launches, providing investment knowledge and strategic insights for advisors and financial intermediaries.

 

2017

We launch two new Capital Group funds in Luxembourg.

 

2018

Capital Group ranked in the top 40 biggest brands in the European asset management industry* as recognized by financial intermediaries. We launch ABLEAmerica® accounts and Target Date Collective Investment Trusts (CITs).

 

2019

The Human Rights Campaign (HRC) awards Capital Group a 100% score for the second year in a row for recognition of our workplace inclusion policies and practices.

 

*Schekman, Eddy. "Capital Group is One of the Fastest Growing European Brands According to the Fund Brand 50 Report from Mackay Williams" (The Asset, March 26, 2018). 

†Human Rights Campaign, Corporate Equality Index: https://www.hrc.org/resources/corporate-equality-index-criteria

2020

We launch an ESG (environmental, social and governance) data platform, Ethos, allowing the systematic integration of third-party and proprietary ESG information across the business.

 

2021

Capital Group celebrates 90 years of helping clients reach their financial goals.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.

American Funds Distributors, Inc., member FINRA.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.