Capital Group Aims To Double Assets To $4 Trillion By 2031: Mike Gitlin Says 'Europe And Asia Are Absolutely Critical To Our Future'
Portfolio Pulse from Benzinga Neuro
Capital Group aims to double its assets to $4 trillion by 2031 by expanding its fixed-income business, accelerating its international presence, and diversifying its core equities franchise. The firm is addressing client withdrawals and competition from faster-growing fund rivals.
June 12, 2024 | 10:12 am
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Capital Group's strategy to double its assets to $4 trillion by 2031 includes expanding its fixed-income business and international presence. This could positively impact the Capital Group U.S. Multi-Sector Income ETF (CGMS).
The expansion of Capital Group's fixed-income business and international presence is likely to attract more investors to its ETFs, including CGMS. This strategic shift aims to counteract client withdrawals and compete with faster-growing rivals, potentially leading to increased inflows and higher asset values for CGMS.
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