LOS ANGELES, July 17, 2023 – The institutional retirement business within Capital Group, one of the world’s largest and most experienced asset management firms, is driving new growth by offering solutions and services that complement its investment products. Building on a long history of helping to meet the needs of participants, plan sponsors, and the intermediaries who serve them, the firm is forming partnerships to enhance existing client relationships and test new solutions for participants through a series of pilot programs.
“Too many people in this country are still not saving enough for retirement. By listening to, and learning from the advisors, consultants, and other distribution partners with whom we work, Capital Group’s institutional retirement business is addressing the changing dynamics of the U.S. retirement and asset management landscape head-on,” remarked Brendan Mahoney, head of Capital Group’s Institutional Retirement Strategic Growth team. “Advisors are working tirelessly to help their clients save for retirement and it is our mission to give them the tools and resources to see that objective through.”
The firm is focused on building solutions that address five distinct themes driving the industry:
About Capital Group
Capital Group has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research, and individual accountability since 1931.
As of March 31, 2023, Capital Group manages approximately $2.3 trillion in equity and fixed-income assets for millions of individuals and institutional investors around the world. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
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Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
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