Capital Group traces its roots back to 1931 when Jonathan Bell Lovelace founded a small investment management company in Los Angeles, California. Based on his experiences and observations, he felt that the investment industry had lost sight of its true mission, and he established the company with three timeless principles in mind:
In the nearly 80 years since its founding, the company has grown into a thriving global complex. Over the years, we've had several notable milestones.
Today, Capital Group manages more than USD$1 trillion for individual and institutional investors around the world.
Our first office outside the U.S. 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.
We begin managing fixed income assets for institutional clients.
We begin serving high-net-worth investors through a group now known as Capital Group Private Client Services.
Our Tokyo office opens – our first in Asia Pacific.
Our Hong Kong office opens.
We begin providing investment solutions to Australian investors.
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.
Our Singapore office opens.
We introduce our first private equity fund. In the years since, we’ve become prominent investors in emerging markets private equity.
We are hired by our first client in Africa.
Our Sydney office opens.