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When did American Funds start?

When did American Funds start?

American Funds/Founded
The American Funds is a division of privately-owned Capital Group, which was founded in 1931. Based in Los Angeles, Capital Group is among the largest asset management firms in the U.S., with over $1.8 trillion in assets under management (AUM).

Who started American Funds?

Capital Group is an American financial services company. It ranks among the world’s oldest and largest investment management organizations, with over $2 trillion in assets under management….Capital Group Companies.

Type Private
Founder Jonathan Bell Lovelace
Headquarters Los Angeles, California , United States
Area served Worldwide

Who started Capital Group?

Jonathan Bell Lovelace
Capital Group Companies/Founders

Is the Capital Group home of American funds impartial?

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Which is the oldest mutual fund company in the US?

The Capital Group’s American Funds has been offering mutual funds to its clients since the early 1930s, making it one of the oldest established mutual fund companies. As of 2015, American Funds offers a total of 57 mutual funds spread across the investment categories of equities, bonds,…

How is the investment company of America Fund?

The Investment Company of America fund is an actively managed growth- and income-focused equity fund launched in January 1934. Its average annual return since inception is 12.05%, soundly outperforming the S&P 500 average annual return of 8.26% over the same time span.

When was the Growth Fund of America created?

The Growth Fund of America launched in December 1973, seeking long-term capital growth. The fund manager may invest in cyclical businesses, depressed industries or companies, and value or turnaround opportunities.