Reported about 1 year ago
Capital Group, led by CEO Mike Gitlin, aims to expand its fixed income business, accelerate global expansion, and diversify beyond equities to reach $4 trillion in assets by 2031. The Los Angeles-based firm, managing $2.6 trillion, plans to focus on Europe and Asia while emphasizing long-term investing. The strategy includes increasing assets in bonds, partnerships with firms like KKR, and targeting international clients to counter recent outflows and changing market dynamics.
Source: YAHOO