Financial TimesFinancial Times

Capital Group: The Slow-Moving Giant in Dangerous Waters

By Brooke Masters

25 Aug 2022 · 9 min read

Editor's Note

In this Big Read from the Financial Times, we hear how after decades of success, asset manager Capital Group has moved into uncharted waters, bringing an array of challenges.

Earlier this year, with markets in turmoil, Capital Group, one of the world’s largest money managers, arranged for two guests to speak to its investment professionals.

Both were retired portfolio managers. One was known for his ability to “look around corners”, spotting long-term winners others had overlooked. The second was both contrarian and cyclical. He loaded up on volatile airline and steel stocks, resulting in a white-knuckle ride, with poor years followed by great ones. But, as he told the March gathering in California, he had an iron stomach.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content