Exclusive: Capital Group shakes up strategy to hit $4 trillion by 2031

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