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:
Capital Group is founded in Los Angeles by Jonathan Bell Lovelace.
We assume management of The Investment Company of America, Capital Group's first fund and still in our investment line-up today.
Our New York office opens.
We determine to sell investment funds only through financial advisers - our belief in the value of advice continues to this day.
An investment in Royal Dutch Petroleum makes Capital Group one of the first U.S.-based firms to invest outside North America.
The Capital SystemSM, our approach to portfolio management, is established.
Our first European office 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.
Capital Group begins managing fixed income assets in dedicated bond portfolios.
We begin managing segregated accounts outside the US.
Our London office opens.
Our Tokyo office opens, followed by Hong Kong in 1983.
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.
Capital Group acquires its one millionth investor.
Our Singapore office opens.
Capital Group launches its first website
We begin offering investment management services for individuals in Canada.
We begin offering investment management services for individuals in Europe.
Our office in Mumbai, India, opens, followed by our office in Beijing, China. Both offices expand our emerging market's reach.
Our Sydney office opens.
The American Funds Portfolio Series of eight objective-based funds of funds is introduced. We open a Luxembourg office.
Sales offices open in Milan and Zurich.
Our Private Equity team establishes an office in São Paolo. A sales office opens in Madrid.
American Funds’ proprietary record-keeping platform surpasses 1 million participants. A sales office opens in Frankfurt.
American Funds introduces three new bond funds. Capital Ideas launches, providing investment knowledge and strategic insights for advisors and financial intermediaries.