Capital Group

What Capital Group does

Capital Group is a privately held, independent global investment management firm founded in 1931 in Los Angeles, California, by Jonathan Bell Lovelace. The firm oversees approximately $3.3 trillion in assets under management (as of December 2025) and employs 9,300+ associates across 33 offices in 15 countries, with operating subsidiaries in the United States, Canada, the United Kingdom, Luxembourg, Switzerland, the Netherlands, France, Germany, Spain, Italy, Japan, Hong Kong, Singapore, Australia, India, China, and the United Arab Emirates. Its flagship American Funds mutual fund family and the broader Capital Group active ETF platform (including CGDV, CGDG, CGBL, CGGR, CGGO, CGUS, CGMS, CGCB, and the Capital Group KKR Global Multi-Sector+ public-private fund) serve individual retail investors, employer-sponsored retirement plan participants, financial advisors and intermediaries, high-net-worth clients via Capital Group Private Client Services, and institutional investors (pensions, sovereigns, insurers), with stated institutional AUM of approximately $1.1 trillion.

Capital Group's core investment technology is "The Capital System," a proprietary multi-portfolio-manager architecture supported by 361 portfolio managers and analysts (with an industry-leading 21-year average PM tenure) and three independent equity investment groups that make investment and proxy voting decisions independently. The firm also operates the proprietary "Ethos" ESG analytics platform, which aggregates 200+ ESG data points across 10,000+ companies and applies natural language processing to non-traditional data sources. The portfolio of sub-brands includes American Funds, Capital International, Capital Group Private Client Services, and Capital Group Retirement Plan Services, alongside the Capital Learning advisor training program (with 22,000+ Japanese advisors trained).

The firm generates revenue primarily through recurring investment management fees calculated as a percentage of assets under management across mutual funds, ETFs, separately managed account programs, and institutional mandates, complemented by sub-advisory fees and revenue-sharing arrangements with distribution partners such as Edward Jones. Pricing is asset-based rather than SaaS-style, with disclosed ETF expense ratios in the 0.39%–0.62% range (e.g., CGGR 0.39%, CGDG 0.47%, CAPW 0.62%) and Capital Group does not publish a single fee schedule, requiring investors to consult fund prospectuses. The firm distributes through direct retail (capitalgroup.com), advisor and intermediary channels (Edward Jones, Empower, Transamerica, Manulife John Hancock, J.P. Morgan, T. Rowe Price), Japanese distributors (SBI Securities, Rakuten Securities, Monex, Mizuho, regional banks), the NYSE Arca ETF platform, and a global institutional sales force operating since the firm's 1988 Japan institutional launch. The firm is led by President and CEO Mike Gitlin, Chair and CIO Martin Romo, and CFO Canise Arredondo.

Name

Capital Group

Legal name

The Capital Group Companies, Inc.

Website

https://capitalgroup.com

Company type

Private

Founded year

1931

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Capital Group is a privately held, independent global investment manager founded in 1931, overseeing $3.3 trillion in AUM through its proprietary multi-portfolio-manager Capital System. It serves retail investors, retirement plan participants, high-net-worth clients, and institutional investors via American Funds, an active ETF platform, and a 33-office global distribution network.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

akta.pro secondary industries

Small-Cap Equity (Active) (FSAAAIAC), Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

Keywords

• Active investment management
• Mutual fund services
• Exchange-traded funds
• Retirement plan services
• Wealth management advisory

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices34 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Investment management fees on mutual funds, ETFs and SMA programs: Recurring management fees calculated as a percentage of assets under management across American Funds mutual funds, Capital Group ETFs (e.g., CGDV, CGGR, CGBL), and Separately Managed Account programs. Fees include disclosed expense ratios on ETF products (e.g., 0.39% CGGR, 0.47% CGDG, 0.62% CAPW).
2. Private Client Services fees: Investment management and related services primarily for high net worth retail investors, delivered through Capital Group Private Client Services, Inc. with dedicated Private Wealth Advisors.
3. Institutional investment advisory and sub-advisory fees: Investment management mandates and sub-advisory arrangements for pensions, sovereign investors, and large institutions across equity, fixed-income, multi-asset, and emerging-market strategies.
4. Revenue sharing from product partners (e.g., Edward Jones): Recurring payments from American Funds Distributors to distribution partners such as Edward Jones ($598.2M between 2021–2025) under long-running revenue-sharing arrangements tied to client assets invested in American Funds products.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels8 records

Core offering

Capital Group is a global investment management firm that manages approximately $3.3 trillion in assets under management through actively managed equity, fixed-income, and multi-asset strategies delivered via mutual funds (American Funds), actively managed ETFs, Separately Managed Account programs, retirement plan services, private client wealth advisory, and Japan-domiciled funds. Its investment process is built around The Capital System, a proprietary multi-portfolio-manager architecture that distributes capital across multiple independent portfolio managers supported by in-house fundamental research and ESG integration.

Product overview

Capital Group operates as a single global investment management platform built around The Capital System, a proprietary multi-manager investment approach delivered through three independent equity investment groups and a shared fixed-income research capability. Its customer-facing offerings are organized as a platform-plus-modules architecture: the core American Funds mutual fund family anchors the U.S. retail and retirement channels (including flagship funds such as The Investment Company of America, The Growth Fund of America, and American Balanced Fund); this sits alongside a broad actively managed ETF suite including CGDV, CGDG, CGBL, CGGR, CGGO, CGUS, CGMS, and CGCB; tax-advantaged wrappers such as CollegeAmerica 529 plans and ABLEAmerica plans; the American Funds Insurance Series variable annuity/insurance solutions; Capital Group Private Client Services for high-net-worth investors; and the Capital Group Retirement Plan Services platform for workplace plans. Specialized offerings include the Capital Group KKR Global Multi-Sector+ public-private credit fund (in partnership with KKR), Japan-domiciled funds such as キャピタル世界株式ファンド and キャピタル・グローバル・ハイインカム債券ファンド, the proprietary Ethos ESG analytics tool used internally by investment teams, and the Capital Learning advisor training program.

Differentiator

Problem solved

Functional benefit

Brands

• American Funds: Family of mutual funds (and related ETFs) marketed as the home of the American Funds; the website identifies Capital Group as "Home of the American Funds" and lists the American Funds brands in its privacy policy.
• Capital International

Products and services

• American Funds mutual fund family Capital Group's flagship U.S. mutual fund family, comprising more than 20 actively managed funds spanning US equity, global/international equity, balanced, fixed income, and tax-exempt strategies, sold to US retail investors and through employer-sponsored retirement plans.
• Capital Group Dividend Value ETF (CGDV) Actively managed ETF providing dividend value exposure in US large- and mid-cap equities; one of the firm's largest ETFs at roughly $31-32 billion in market cap as of April 2026.
• Capital Group Dividend Growers ETF (CGDG) Actively managed global equity ETF launched in late 2023 that invests in dividend yield and growth across roughly 100 stocks split evenly between US and non-US issuers, with total assets over $5 billion and a 0.47% management fee.
• Capital Group Core Balanced ETF (CGBL) Actively managed multi-asset fund-of-funds ETF launched September 26, 2023, that invests in equities, fixed income, and money market instruments with a focus on capital preservation; reported market cap of approximately $6.01 billion as of April 2026.
• Capital Group Growth ETF (CGGR) Actively managed US growth equity ETF launched February 2022 with approximately 33% tech allocation and a market cap of approximately $21.95 billion as of April 2026.
• Capital Group Global Growth Equity ETF (CGGO) Actively managed global growth equity ETF launched February 2022 with a portfolio of approximately 103 stocks combining higher growth rates with value characteristics; market cap of approximately $9.97 billion as of April 2026.
• Capital Group Core Equity ETF (CGUS) Actively managed US total market equity ETF launched February 2022 with market cap of approximately $10.11 billion as of April 2026.
• Capital Group U.S. Multi-Sector Income ETF (CGMS) Actively managed US multi-sector corporate bond ETF that invests in investment-grade and high-yield fixed income, paying a monthly dividend with a 5.9% dividend yield.
• Capital Group Core Bond ETF (CGCB) Actively managed US investment-grade core bond ETF launched September 2023 with monthly dividend distributions.
• Capital Group KKR Global Multi-Sector+ fund Public-private investment vehicle launched in partnership with KKR in May 2026 for wealthy European and Asian investors, allocating approximately 60% to public credit (Capital Group) and 40% to private credit (KKR); initially distributed through HSBC Private Bank.
• CollegeAmerica 529 Plans 529 college savings program offered through the American Funds brand, sponsored by Virginia529, providing US families with a tax-advantaged way to save for higher education using Capital Group's investment strategies.
• ABLEAmerica Plans ABLE (Achieving a Better Life Experience) savings plans offered by Capital Group for individuals with disabilities, providing tax-advantaged savings vehicles.
• American Funds Insurance Series Variable annuity and insurance solutions branded under American Funds, providing tax-advantaged retirement wrappers around Capital Group's investment strategies.
• Capital Group Private Client Services (CGPCS) Investment management and related services offered primarily to high-net-worth retail investors through Capital Group Private Client Services, Inc., supported by dedicated Private Wealth Advisors and accompanied by Form CRS and ADV brochure disclosures.
• Capital Group Retirement Plan Services Retirement plan recordkeeping services for employer-sponsored 401(k)/403(b) plans, including payroll-based data integration with plan sponsors and support for Traditional/Roth IRAs, SIMPLE IRAs, and SEP IRAs.
• Separately Managed Account (SMA) programs Capital Research and Management Company and Capital International, Inc. serve as portfolio managers to Separately Managed Account programs for financial advisors and institutions.
• Capital Group Japan Funds (e.g., キャピタル世界株式ファンド, キャピタル日本株式ファンド, キャピタル・グローバル・ハイインカム債券ファンド) Japan-domiciled mutual funds distributed by Capital International K.K., including Capital Global Equity Fund, Capital Japan Equity Fund, Capital Global High Income Bond Fund, Capital Multi-Sector Income Bond Fund, DC-pension variants, and NISA-eligible tsumitate funds, offered to Japanese retail and institutional investors.
• Capital Group U.S. Small and Mid Cap ETF (CGMM) Actively managed US small and mid-cap equity ETF launched in January 2025, with a market cap of approximately $2.17 billion as of late April 2026.
• Capital Group New Geography Equity ETF (CGNG) Actively managed emerging and frontier markets equity ETF launched in June 2024, with a market cap of approximately $2.03 billion as of April 2026.
• Capital Group Global Equity ETF (CGGE) Actively managed global equity ETF launched on June 25, 2024, with a market cap of approximately $2.45 billion as of April 2026.
• Capital Group International Core Equity ETF (CGIC) Actively managed international (ex-US) core equity ETF launched in June 2024, with a market cap of approximately $1.63 billion as of April 2026.
• Capital Group Conservative Equity ETF (CGCV) Actively managed North American conservative equity ETF launched on June 25, 2024, with a market cap of approximately $1.57 billion as of April 2026.

Quantifiable outcome

• $3.3 trillion AUM (Dec 2025)
• +4 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

19 partnerships are on record.

• KKR & Co.Strategic or Co-development PartnerCapital Group and KKR co-developed the Capital Group KKR Global Multi-Sector+ fund — a public-private investment vehicle allocating ~60% to public credit (Capital Group) and ~40% to private credit (KKR). The firms are extending the model into Asia in H2 2026 after launching in the US (which raised over $500M) and rolling out in Europe (distributed via HSBC Private Bank).
• HSBC Private BankChannel Partner/ Reseller/ DistributorHSBC Private Bank serves as the initial distribution partner for the Capital Group KKR Global Multi-Sector+ public-private credit fund in select European and Asian markets.
• Edward JonesChannel Partner/ Reseller/ Distributor60-year revenue-sharing alliance originating from a meeting between Ted Jones and E. Graham Holloway in the late 1960s. American Funds Distributors paid Edward Jones $598.2M between 2021 and 2025; approximately $377.1B of Edward Jones client assets are invested in American Funds products. Edward Jones announced expansion of workplace retirement plan offerings in 2026 with 11 product partners including Capital Group, J.P. Morgan Asset Management, T. Rowe Price, Manulife John Hancock Retirement, Transamerica and Empower.
• ΑΔΜΗΕ (IPTO / Greek TSO)Strategic or Co-development PartnerCapital Group acted as a cornerstone investor (€70M) in ΑΔΜΗΕ's €2.5B+ capital increase, alongside BlackRock, Vanguard, Norges Bank and Atlas Infrastructure, supporting Greece's €6B 2026–2029 grid investment program.
• AieraStrategic or Co-development PartnerAiera — a consortium-backed AI-enabled content delivery platform — launched June 3, 2026, with backing from 11 major financial institutions including Capital Group, Bank of America, Barclays, Citi, Deutsche Bank, and UBS to provide AI-ready research content to buy-side and sell-side institutions.
• StarComplianceTechnology or IntegrationCapital Group is a StarCompliance client and was a 2026 Star Client Award recipient; Star is regtech that supports compliance programs for buy-side firms and counts NatWest, T. Rowe Price, M&G PLC, Raymond James, LSEG, and Ameriprise among its awarded client base.
• Abu Dhabi Global Market (ADGM)Strategic or Co-development PartnerCapital Group committed to opening its first Middle East office in ADGM (planned as 35th global office), supported by the Abu Dhabi Investment Office (ADIO), announced at the Milken Institute Global Conference 2026. The move aligns with ADGM's broader push to attract firms managing combined $4.4T AUM.
• Adani Group (Adani Ports, Adani Power, Adani Green Energy)Strategic or Co-development PartnerCapital Group deployed over $2 billion across three Adani Group companies in May 2026 — including a ~2% stake in Adani Ports and SEZ via ₹7,486 crore block deal on May 5 — while reducing its Reliance Industries exposure from 755M shares (March 2017) to ~142M shares (March 2026).
• KT&G (Korea Tobacco & Ginseng)Strategic or Co-development PartnerCapital Group (through Capital Research and Management Company) built a 7.21% stake in KT&G via purchases on April 22 and May 4, 2026, helping drive the share price above KRW 180,000.
• Deutsche Lufthansa AGStrategic or Co-development PartnerCapital Group Companies, Inc. holds 5.30% voting rights (~59.4M shares + instruments) in Deutsche Lufthansa AG as of June 2026, disclosed under German securities law (WpHG).
• SBI Mutual Fund, Qatar Holding LLC and other institutional investors (Adani block deals)OthersCapital Group participated as a co-buyer alongside SBI Mutual Fund, Qatar Holding, Birla Mutual Fund and others in over ₹15,000 crore of Adani Group block deals across Adani Ports, Adani Enterprises and Adani Energy Solutions.
• Nomura Asset Management, Public Sector Pension Investment Board, Abu Dhabi Investment Authority (Premier Energies co-investors)OthersCapital Group joined Nomura Asset Management, ADIA, PSPIB and Indian mutual funds and life insurers to acquire a 5.29% stake in Premier Energies for ₹2,291 crore via open-market block deals in May 2026.
• PayPay Securities (Yahoo Japan / Z Holdings)Channel Partner/ Reseller/ DistributorCapital Group partnered with PayPay Securities to make the Capital World Stock Fund (DC pension, tsumitate-only) available as a NISA 'tsumitate' investment slot fund within the PayPay Okimake Unyo platform starting October 2024.
• SBI Securities, Rakuten Securities, Monex, Mizuho, regional banksChannel Partner/ Reseller/ DistributorCapital International K.K. distributes Capital Group funds through SBI Securities (Capital World Stock Fund DC pension tsumitate), Rakuten Securities (iDeCo for Capital World Stock Fund DC), Monex, Mizuho, Yokohama Bank, Hokuyo Bank, Fukuoka Financial Group banks, and other regional banks for tsumitate NISA, growth NISA, and DC pension products.
• Melrose Industries PLCStrategic or Co-development PartnerCapital Group holds 11.69% voting rights (~145.7M shares) in Melrose Industries PLC via Capital Research and Management Company as of June 2026; previously held larger stakes of 15.5%–16.9% in earlier months.
• Siemens AGStrategic or Co-development PartnerCapital Group holds approximately 23.4M voting rights (~2.99%) in Siemens AG as of June 2026, down from 3.04% in the prior notification, disclosed under German securities law (WpHG).
• Radico Khaitan LimitedStrategic or Co-development PartnerCapital Group is scheduled to meet with Radico Khaitan management on June 23–24, 2026 alongside IKIGAI Asset and Hudson Bay Capital as part of routine investor relations engagement (no unpublished price-sensitive information discussed).
• Partners Capital, Bain Capital (UAE wealth managers)OthersCapital Group is part of a group of global asset managers — alongside Partners Capital, Bain Capital and others — opening or expanding offices in the UAE despite West Asia conflict, signalling continued commitment to the Gulf region.
• BlackRock, KKR, T. Rowe Price, Goldman Sachs (private assets in 401(k))OthersCapital Group is mentioned among major asset managers (with BlackRock, KKR, T. Rowe Price, Goldman Sachs) that have announced partnerships to develop target-date funds incorporating private credit and private equity for 401(k) plans under the U.S. Labor Department's proposed rule.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• BlackRock: World's largest asset manager (~ $10T AUM) and a direct competitor across active and passive strategies. Most comparable peer given its full-spectrum active/passive platform, iShares ETF franchise, and institutional distribution; Capital Group is named alongside BlackRock in the Greek IPTO cornerstone investor syndicate.
• J.P. Morgan Asset Management: One of the largest global asset managers (~ $3.5T AUM) and a direct competitor across active funds, ETFs, and retirement. Named alongside Capital Group among the Edward Jones 11 retirement-plan product partners and within the Aiera consortium.
• Goldman Sachs Asset Management: Global active asset manager with rapidly expanding private markets and alternatives platform. Competes with Capital Group in institutional mandates and DC plan target-date products; named alongside Capital Group among asset managers pursuing private-asset inclusion in 401(k) plans.

Direct peers

• Vanguard: Privately held mutual fund leader with comparable size and American retail distribution. Both firms compete directly in long-term retirement, target-date, and core equity/bond funds via employer-sponsored plans; Vanguard's passive orientation contrasts with Capital Group's active focus.
• Fidelity Investments: Privately held, multi-channel investment management firm with comparable scale, retail and workplace retirement distribution, and active management capabilities. Closest like-for-like competitor given private status, mutual fund franchise, and wealth management arm (Fidelity Wealth Management vs. Capital Group Private Client Services).
• T. Rowe Price: Publicly listed active asset manager with deep DC/retirement plan distribution and growing ETF suite. Named alongside Capital Group among the Edward Jones 11 retirement-plan product partners and as a co-investor in SiFive's Series G, making it a direct competitor for active retirement flows.
• PIMCO: Subsidiary of Allianz and one of the world's largest active fixed-income managers, competing directly with Capital Group's multi-sector income strategies (CGMS ETF, Capital Multi-Sector Income Bond Fund). Comparable scale in institutional fixed-income mandates and global distribution.
• Franklin Templeton: Publicly listed global investment manager with comparable active multi-asset capabilities, ETF expansion, and global distribution including strong Japan and EMEA presence. Direct competitor across active equity, fixed income, and multi-asset solutions.
• Invesco: Global active and ETF manager (QQQ franchise) with comparable institutional and intermediary distribution. Competes across active ETFs (similar wrapper strategy), retirement plan platforms, and EMEA/APAC mandates.
• Wellington Management: Privately held, multi-manager global investment manager with comparable private ownership, multi-portfolio-manager architecture, and institutional client base. Direct structural comparable to Capital Group's Capital System, especially for institutional sub-advisory mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights8 records

Customer concentration

• Xx.com/CapitalGroup
• Facebookfacebook.com/CapitalGroup
• LinkedInlinkedin.com/company/4019
• Instagramcapitalgroup.com/institutional/campaign/instagram-terms-of-use.html

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments71 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Group