Through its subsidiaries, the Capital Group of companies manages and underwrites mutual funds in the American Funds family group and provides other financial services. Founded in 1931 by Jonathan Bell Lovelace, the company has more than 70 years of asset management experience. The company acts as a worldwide investment manager of mutual funds, separately managed accounts and pooled investment funds. It manages more than $850 billion in mutual funds and nearly $300 billion for institutions. The company has approximately 8,000 associates in nearly 20 offices worldwide. Its family of companies includes Capital International, Capital Guardian, Capital Research and Management, Capital Bank and Trust and American Funds. Capital Group is headquartered in Los Angeles.
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