FYI: Capital Group, home to American Funds, is an anomaly. Despite the 10-year trend towards index investing, the nation’s largest active manager, with $1.8 trillion in assets, has steadfastly refused to launch an index product. And, somehow, that refusal to latch onto the biggest investing trend has worked for it: While active managers have been hit by years of outflows, over the last five years, American Funds has taken in more money than has left . Chief executive Timothy Armour says the privately held company’s recipe can work even amid the industry’s transformation—and he is looking to expand Capital’s reach further into fixed income and abroad.
Regards,
Ted
https://www.barrons.com/articles/meet-the-active-manager-thats-beating-the-odds-1539102369?refsec=funds
