LONDON, June 12 (Reuters) – Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise to stem client withdrawals and compete with faster-growing fund rivals, its CEO Mike Gitlin told Reuters.
Over its 93 years, Los Angeles-based Capital has built the world’s largest active fund firm, including the giant ‘American Funds’ range. It now manages assets totalling $2.6 trillion, but seldom publicly shares insight into its investing.
Source: REUTER
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