Investment management firm marks fixed-income milestone

Firm's AUM now stands at $2.3 trillion

Investment management firm marks fixed-income milestone

Capital Group celebrated its 50 years in the market of fixed income investing. Doubling the size of its fixed income assets under management to $470 billion in the last 10 years, the investment firm’s global assets under management now reach up to around $2.3 trillion.

"Since 1973 and over the past 10 years in particular, we've invested heavily in our talent, our investment processes, our technology, risk management systems and our bond offerings to grow our global footprint and bring our investment results to new investors worldwide.” said Mike Gitlin, global head of fixed income at Capital Group.

Tim Armour, CEO and chairman of Capital Group expressed his sentiments over the firm’s milestone. “Over the 40 years I've been here, fixed income has become a bigger and more important part of our company. I am proud of the strength of our fixed income team today and the trust our investors place in our long-term fixed income capabilities.”

"Fixed income can play four important roles in an investor's portfolio, including diversification from equities, capital preservation, income, and inflation protection. Our deep experience across fixed income asset classes through market cycles means that Canadian investors can invest with confidence." said Rick Headrick, president of Capital Group in Canada.

"We exist for our clients, and we'll keep evolving over the next 50 years to continue to help meet their needs. That's our promise." Gitlin said.

After first being established within the industry of fixed income investing in 1973, Capital Group now has over 230 fixed income associates in Los Angeles, New York, London, and Singapore. Its firm in Canada offers three bond funds: Capital Group Canadian Core Plus Fixed Income Fund, Capital Group Multi-Sector Income Fund, and Capital Group World Bond Fund.