In the Margins

Capital Group plots global expansion

October 22, 2015

By Bloomberg

Capital Group plans to invest $1 billion over the next three to five years to expand globally, specifically in Asia and Europe. The effort will include expanding the Los Angeles-based firm's investment group by 4% to 7% a year, mostly in Asia, Kevin Clifford, president and CEO of Capital Group's American Funds Distributors unit. Read the original story from Bloomberg