History | Capital Group

History

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Through the years, our organization has grown in both depth and breadth, with 7,000 associates worldwide now serving the investment needs of individuals and institutions.

Here’s a brief look at our history and some of Capital Group’s pioneering endeavors:
  • 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.

  • 1943

    Our New York office opens.

    1947

    We form a distribution company to be the sole distributor of American Funds.

  • 1950

    We determine to sell American Funds only through professional financial advisors—the same way we do business today.

    1953

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

    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.

    1968

    We begin managing the assets of large institutional clients and also establish a recordkeeping company to service shareholders of American Funds.

  • 1974

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

    1978

    We begin managing non-U.S. assets for U.S.-based institutional clients.

    1979

    Our London office opens.

  • 1982

    Our Tokyo office opens, followed by Hong Kong in 1983 and Singapore in 1989.

    1983

    We open our first dedicated service center for American Funds shareholders in Southern California. Today, we operate service centers in San Antonio, TX; Norfolk/Virginia Beach, VA; Indianapolis, IN; Phoenix, AZ; and Irvine, CA.

    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.

    1987

    American Funds acquires its one-millionth shareholder.

  • 1992

    We introduce our first private equity fund—Capital International Private Equity Fund. In the years since, we’ve become prominent investors in emerging markets private equity.

    1997

    We launch americanfunds.com.

  • 2000

    We begin offering investment management services for individuals in Canada.

    2002

    American Funds expands its presence in the U.S. retirement plan market and becomes the leading provider of 529 college savings plans.

    2003

    We begin offering investment management services for individuals in Europe.

    2008

    Our office in Mumbai, India, opens, followed by our office in Beijing, China (2009). Both offices expand our emerging markets reach.

  • 2011

    Our first permanent office in Sydney, Australia, opens.

    2012

    The American Funds Portfolio Series of eight objective-based funds of funds is introduced. We open a Luxembourg office.

    2013

    Sales offices open in Milan and Zurich.

    2014

    Our Private Equity team establishes an office in São Paolo. A sales office opens in Madrid.

    2015

    American Funds’ proprietary record-keeping platform surpasses 1 million participants. A sales office opens in Frankfurt.