Timothy Armour sits at the helm of Capital Group, Inc as the company Chairman and CEO and also as the Director and Principal Executive Officer at Capital Research and Management Company. According to BKSrategic.com, the Los Angeles, California based multinational company was established in 1931. The entity operates offices in different continents, including the Americas, Europe and Asia. The firm’s solid investment portfolio coupled with the input of a solid management team and workforce has seen the firm grow into one of the largest investment management firms globally, with about $1.4 trillion assets under its management.
The privately held entity targets high net worth investors in the US and internationally with a variety of products and services. For over 3 decades, Tim Armour has built a reputation as an astute portfolio manager with extensive investment experience. During the market selloff of 2015, Tim was asked about his views.
According to an excerpt published on the Capital Group website, Tim noted that the Global selloff was due to investor unease about China’s slowing economic growth. The concerns were heightened by a sharp decline in Chinese stocks and unexpected currency devaluation. The shock news sent jitters across the markets, sparking a major selloff.
China’s intention was to lower the interest rates and ease the reserve requirements on financial institutions in order to stimulate the economy and reassure investors. Tim Armour and the Capital Group’s Rob Lovelace, the President of Capital Research and Management Company noted that China is a huge global economy, accounting for about 15% of the world’s GDP. The problem could have been worse, were it not for lower commodity and oil prices that persisted at the time. With regards to the US, Tim said the market correction was expected after a 6 year bull run in much of the world.
The team at the helm of Capital Group, Tim Armour, Rob Lovelace and Equity Portfolio Manager, Darcy Kopcho continues to receive accolades from various quarters for their sterling job. In an article published on the Creditor Weekly, independent investment analyst Janet Yang gave Capital Global an A rating for maintaining an enduring franchise that has seen the company’s assets and staff grow exponentially. The company controls assets worth more than $1 trillion and employs over 7,000 people. She added that the long term portfolio managers had helped the firm’s greatly after spending their entire careers at the company.
For more information, connect with Tim Armour on LinkedIn.