- Posted October 23, 2013 by
This iReport is part of an assignment:
Your favorite Eid traditions
The Capital Group
Capital Group is founded in Los Angeles by Jonathan Bell Lovelace.
We assume management of The Investment Company of America®, the first of what would become the American Funds family of mutual funds.
Our New York office opens.
We form a distribution company to be the sole distributor of American Funds.
We determine to sell American Funds only through professional financial advisors—the same way we do business today.
An investment in Royal Dutch Petroleum makes Capital Group one of the first U.S.-based firms to invest outside North America.
The Capital SystemSM, our approach to portfolio management, is established.
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 the assets of large institutional clients and also establish a recordkeeping company to service shareholders of American Funds.
We begin serving high-net-worth investors through a group now known as Capital Group Private Client Services.
We begin managing non-U.S. assets for U.S.-based institutional clients.
Our London office opens.
Our Tokyo office opens, followed by Hong Kong in 1983 and Singapore in 1989.
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.
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.
American Funds acquires its one-millionth shareholder.
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.
We launch americanfunds.com.
We begin offering investment management services for individuals in Canada.
American Funds expands its presence in the U.S. retirement plan market and becomes the leading provider of 529 college savings plans.
We begin offering investment management services for individuals in Europe.
Our office in Mumbai, India, opens, followed by our office in Beijing, China (2009). Both offices expand our emerging markets reach.
Our first permanent office in Sydney, Australia, opens.
Our Luxembourg office opens.