Our History | Capital Group

About Us

Our History

Capital Group traces its roots back to 1931 when Jonathan Bell Lovelace founded a small investment management company in Los Angeles, California. Based on his experiences and observations, he felt that the investment industry had lost sight of its true mission, and he established the company with three timeless principles in mind:

  • Buy the securities of good companies at reasonable prices
  • Thoroughly research a company before you invest to determine its actual worth
  • Always be guided by a commitment to honesty and integrity

In the nearly 80 years since its founding, the company has grown into a thriving global complex. Over the years, we've had several notable milestones.

Today, Capital Group manages more than USD$1 trillion for individual and institutional investors around the world.

  • 1931
    Capital Group is founded in Los Angeles by Jonathan Bell Lovelace.



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


  • 1953

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


    We begin investing in Japan equity. 


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

  • 1962

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


    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.



  • 1973

    We begin managing fixed income assets for institutional clients.


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

  • 1982

    Our Tokyo office opens – our first in Asia Pacific.


    Our Hong Kong office opens.


    We begin providing investment solutions to Australian investors.


    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.


    Our Singapore office opens.

  • 1992

    We introduce our first private equity fund. In the years since, we’ve become prominent investors in emerging markets private equity. 


    We are hired by our first client in Africa. 

  • 2007

    We begin offering investment management services for individuals in Japan.


    Our Mumbai office opens.


    Our Beijing office opens.

  • 2011

    Our Sydney office opens.