Our History | Capital Group

About Us

Our History

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:

  • Buy the securities of good companies at reasonable prices
  • Thoroughly research a company before you invest to determine its actual worth
  • Always be guided by a commitment to honesty and integrity

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.

  • 1931
    Capital Group is founded in Los Angeles by Jonathan Bell Lovelace.

     

    1934

    We assume management of The Investment Company of America®, the first of what would become the American Funds family of mutual funds.

     

  • 1953

    An investment in Royal Dutch Petroleum makes Capital Group one of the first U.S.-based firms to invest outside North America. 

    1956 

    We begin investing in Japan equity. 

    1958 

    The Capital System℠, our approach to portfolio management, is established.

  • 1962

    Our first office outside the U.S. opens in Geneva.

    1965

    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.

     

     

  • 1973

    We begin managing fixed income assets for institutional clients.

    1974

    We begin serving high-net-worth investors through a group now known as Capital Group Private Client Services.

  • 1982

    Our Tokyo office opens – our first in Asia Pacific.

    1983

    Our Hong Kong office opens.

    1985

    We begin providing investment solutions to Australian investors.

    1986

    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.

    1989

    Our Singapore office opens.

  • 1992

    We introduce our first private equity fund. In the years since, we’ve become prominent investors in emerging markets private equity. 

    1993

    We are hired by our first client in Africa. 

  • 2007

    We begin offering investment management services for individuals in Japan.

    2008

    Our Mumbai office opens.

    2009

    Our Beijing office opens.

  • 2011

    Our Sydney office opens.