Throughout the years, the companies within The Capital Group have grown in both depth and breadth, with 8,000 associates worldwide now serving the investment needs of individuals and institutions.
Here's a look at our organization's history and its pioneering endeavors in the investment management field:
| 1930s / 1940s / 1950s |
1931
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Capital's first company, Capital Research and Management Company, is founded by Jonathan Bell Lovelace in Los Angeles. Three years later, it begins managing The Investment Company of America, the first mutual fund of what will become the American Funds family. |
1947
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We open an office in New York. |
1953
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Capital becomes one of the first U.S.-based firms to invest outside of North America. |
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| 1960s |
1962
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Capital opens an office in Geneva — our first investment office outside the U.S. |
1965
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Our Geneva office creates the Capital International market indices (now known as the Morgan Stanley Capital International indices) — the first set of stock market indices for non-U.S. markets. |
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The same year, Capital companies reach $1 billion in assets under management. |
1968
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A new company is formed to serve large institutional clients in the U.S. — Capital Guardian Trust Company. |
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We establish our own record keeping company to serve U.S. mutual fund shareholders — American Funds Service Company. |
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| 1970s |
1970
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Our Geneva-based affiliate, Capital International S.A., begins managing global funds distributed outside the U.S. (Capital Italia and Capital International Fund). |
1974
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Our companies start managing retirement plans based outside the U.S. and begin serving wealthy individuals through the Personal Investment Management division of Capital Guardian Trust Company. |
1978
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Capital Guardian begins management of non-U.S. assets for U.S. institutional clients. |
1979
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Our London office is established (Capital International Limited). |
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| 1980s |
1982
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A Tokyo office is established (Capital International K.K.) — our first in Asia — followed by Hong Kong (1983) and Singapore (1989), both of which house operations for Capital International, Inc. |
1983
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Our first dedicated shareholder service center for the American Funds opens in Brea, California, followed by offices in San Antonio (1990), Hampton Roads, Virginia (1992), Indianapolis (1994) and Phoenix (2004). |
1985
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Assets managed by Capital Group companies reach $25 billion. |
1986
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Capital launches an emerging markets growth fund — the first of its kind — when the World Bank wants a way for institutions to invest in developing nations. |
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| 1990s |
1995
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Assets managed by Capital Group companies pass $200 billion. |
1998
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Toronto office opens. |
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| 2000s |
2000
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Capital begins offering investment management services for individuals in Canada. |
2002
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American Funds further expands its presence in the retirement plan market and becomes the leading provider of 529 college savings plans. |
2003
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Capital begins offering investment management services for individuals in Europe. |
2004
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New shareholder service center opens in Phoenix. |
2005
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New shareholder service center opens in Irvine, California bringing the Capital organization's total offices worldwide to 20. |
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Assets managed by Capital Research and Management (American Funds) now total more than $750 billion; Capital Guardian Trust Company and the Capital International companies now total approximately $300 billion. |
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