What does the world look like in 2022? It’s a guidepost that’s driving Capital Group Vice Chairman Rob Lovelace as markets remain volatile and the world copes with COVID-19.
“You have to stop and think about what will be different, as well as what will be back to normal, in 2022,” says Lovelace, who started his investment career at Capital in the mid-1980s. “When you are able to focus on how much will be the same and see the other side of the valley, that’s really reassuring. It was a much different situation during the 2008 financial crisis because we couldn’t see the other side of the valley and how we were going to reach it. But this time is different, and that gives me hope. While the global economy and financial markets are going to be challenged for some time and government leaders will have to make tough decisions, I believe we will make it through this.”
In a recent call from his home office, Lovelace shared his perspective on Capital’s response to the virus, the company’s business operations, his outlook for global markets and investment opportunities.