Tim Armour was recently elected Chairman of Capital Group, by its board of directors. Capital Group is one of globes leading investment management companies in existence. They are the home to American Funds. Tim was Chairman of the groups management committee and their research arm. Tim will continue as the leader of the firm’s management group to set business strategies going forward. The passing of Jim Rothenberg, the former Chairman, has called for rapid changes in recent positions within the firm.
Tim claims that it is the collective strength of Capital Group that has allowed the company to achieve its mission of providing superior, investment results to the company’s clients and investors. He has 32 years of experience in the investment industry, all of it with the company. He started out in the company’s Associate program and moved up to Equity Investment Analyst. He specialized in global telecom companies and the U.S. service companies.
Armour is pleased with the track record of the firm’s stock pickers. His philosophy is, “we will get you better returns over time.” This principal has brought him great success throughout his career in the investment industry. Tim believed in 2015, that the economy was not growing as it should be, and that the Federal Reserve was going to increase interest rates soon. He claims that near-zero rates will eventually become a major risk for investors.
Capital Group is based in Los Angeles, Ca. The firm manages over $1.4 trillion in assets. Before taking over as Chairman of the firm, Armour worked closely with Jim Rothenberg, on in-house research that shows the benefits of certain types of active fund management. The company has recently enjoyed improved long term results for many of its funds. Tim Armour claims that active managers can typically outperform the markets, with the right strategies.
At the end of 2016, Janet Yang, CFA said that Capital Group made a great choice by selecting Tim Armour as Chairman. She says he has the ability to see business needs and demands well in advance of them coming to market. This should be a great advantage to the clients of Capital Group.