Capital Group American
Balanced Strategy

A time-tested approach to pursuing long-term growth and conserving capital

Launched in 1975, Capital Group American Balanced is one of the world’s largest and oldest US multi-asset strategies. Originally offered only to US-based investors, the strategy is now available to investors via Capital Group American Balanced Fund (LUX) and seg account – which are managed by the same experienced team and follows the same investment approach as the US strategy.



In this video, Jeffrey Lager, the Principal Investment Officer of Capital Group American Balanced Strategy, will discuss the history, portfolio characteristics as well as investment approach of the strategy with Julie Dickson and Jacob Gerber, the Investment Directors covering the strategy.


Why consider this strategy?

Capital Group American Balanced Strategy is a 45+ years
US multi-asset strategy

A 45-year history, demonstrating US pedigree

One of the world’s oldest US multi-asset strategies with a focus on quality US stocks and bonds. It is designed to deliver resilient results.

An experienced and stable portfolio management team

All 10 portfolio managers of the strategy have a median of 27 years’ investment experience and 21 years with Capital Group.

A proven track record of downside resilience1

The strategy has only seen four calendar years with negative returns since inception1.

Capital Group has the experience and scale for successful investing in multi-asset strategies

US$532 billion
in multi-asset strategies

started managing multi-asset strategies

Multiple portfolio managers enable conviction with diversification

All information and opinions as at 31 December 2021, unless otherwise stated. Source: Capital Group

Capital Group American Balanced Strategy

A US-focused balanced strategy that has stood the test of time.


Past results are not a guarantee of future results.

As at 31 December 2021. Source: Capital Group

The inception date of the Capital Group American Balanced strategy was 31 July 1975.

  1. The Capital Group American Balanced Composite experienced negative returns in 1990, 2002, 2008 and 2018. Meanwhile, the S&P 500 Index, the 60%/40% blend of the S&P 500 and Bloomberg Barclays U.S. Aggregate Index, and the Morningstar peer category have each experienced eight down years during the same period.


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.


Risk factors you should consider before investing:

  • This material is not intended to provide investment advice or be considered a personal recommendation.
  • The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment.
  • Past results are not a guarantee of future results.
  • If the currency in which you invest strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will decrease. Currency hedging seeks to limit this, but there is no guarantee that hedging will be totally successful.
  • The Prospectus – together with any locally-required offering documentation – set out risks, which, depending on the fund, may include risks associated with investing in fixed income, derivatives, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.