Our history
Positioned as a pioneer in EM investing
- Managed the industry's first EM equity fund for the World Bank starting in 1986
- Created the Capital Internationl indices, now known as the MSCI Indices, in 19651
- Began investing in EM debt in 1988
We believe an active approach to emerging markets (EM) is crucial: Developing countries comprise a vast and diverse set of opportunities, and on-the-ground research is key to uncovering shifts in business trends, consumer behavior and government policy.
Discover what sets us apart
Our team
A global research team, not an EM silo
- Global coverage model connects investment intelligence across regions, sectors and asset classes
- Long tenured portfolio managers and analysts with enduring sector coverage
- We have boots on the ground in all regions where we invest
Our edge
Perspectives forged through our long history and deep relationships in EM
- Multi-decade relationships with corporate leaders and policymakers yield keen insights
- Our bottom-up approach to investing gererates high conviction ideas
1Commercial rights to the publication and indexes were sold to Morgan Stanley in 1986.
There from the start:
Our long history in emerging markets
Our first investments in emerging markets
We believe EM investing benefits from multiple, global perspectives
Our global coverage model fosters collaboration among analysts and economists across EM and developed markets. They share research and investment ideas, generating distinct insights.
Capital Group's emerging markets by the numbers*
56
Investment professionals in EM-oriented investment strategies
22
Average years of their industry experience
$128.8B
Total EM debt AUM across all investment strategies
$144.9B
Total EM equity AUM across all investment strategies
*Years of experience as of December 31, 2024. All other data as of March 31, 2025.
Insights
Fresh perspectives on emerging markets
PRO
emerging markets
Corporate debt: A powerful complement to EM sovereign bonds
PRO
emerging markets
Emerging Markets debt outlook for 2025
PRO
Capital Ideas
Thinking outside the U.S. box: Emerging markets opportunities
solutions
A dedicated partner with innovative approaches to emerging markets exposure
Equity strategies
PRO
Emerging Markets Equity
A broadly diversified portfolio of developing-country equities that places an emphasis on companies that are growing faster than their peers and/or at substantially lower-than-market valuations
PRO
New World
Invests in EM companies and multinationals with significant business in developing countries and makes opportunistic investments in government and corporate bonds of issuers in developing countries
Fixed income strategies
PRO
Emerging Markets Debt (Blend)
Seeks, over the long term, high total return, of which a large component is current income, by investing primarily in fixed income and hybrid securities of corporate and sovereign developing-country issuers.
PRO
Emerging Markets Debt (Local currency)
Seeks high total return, with a large current income component, by investing in fixed income and hybrid securities in developing countries; denominated primarily in developing country currencies.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Important information about objectives, risks, charges and expenses for collective investment trusts is contained in the Characteristics Statement and/or other fund disclosure document(s), which can be obtained from the fund's trustee and/or the participants' plan provider or employer.
Investing in developing markets may be subject to additional risks, such as significant currency and price fluctuations, political instability, differing securities regulations and periods of illiquidity, which are detailed in the fund's prospectus. Investments in developing markets have been more volatile than investments in developed markets, reflecting the greater uncertainties of investing in less established economies. Individuals investing in developing markets should have a long-term perspective and be able to tolerate potentially sharp declines in the value of their investments.
Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
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Collective Investment Trusts (CITs) are available for investment only to certain qualified retirement plans. Capital Group CITs are maintained by Capital Bank and Trust Company (“trustee”), which has retained an affiliate to serve as investment adviser to the trustee.
Advisory services offered through Capital Research and Management Company (CRMC) and its RIA affiliates.