that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . february 2016 learn how and when to remove this template message capital group type private industry financial services founded 1931 founder jonathan bell lovelace headquarters los angeles california united states area served worldwide key people capital group management committee tim armour kevin clifford phil de toledo darcy kopcho rob lovelace martin romo brad vogt products mutual fund private wealth management private equity investing retirement plan services aum us 1.5 trillion august 27 2016 number of employees 7 000 december 31 2015 subsidiaries capital world investors capital research global investors capital international investors website thecapitalgroup.com capital group is an american financial services company it ranks among the world s oldest and largest investment management organizations with 1.39 trillion in assets under management . founded in los angeles california in 1931 it is privately held and has offices around the globe in the americas asia australia and europe . capital offers a range of products including more than 40 mutual funds through its subsidiary american funds as well as separately managed accounts or collective investment trusts private equity investment services for high net worth investors in the u.s. and a range of other offerings for institutional clients and individual investors globally . contents 1 investment philosophy 2 history 3 accolades 4 offices 5 investments 5.1 canada 5.2 united states 5.3 oceania 5.3.1 australia 5.4 asia 5.4.1 china 5.4.2 hong kong 5.4.3 philippines 5.4.4 singapore 5.4.5 south korea 5.5 europe 5.5.1 austria 5.5.2 czech republic 5.5.3 denmark 5.5.4 france 5.5.5 germany 5.5.6 ireland 5.5.7 luxembourg 5.5.8 netherlands 5.5.9 russia 5.5.10 spain 5.5.11 sweden 5.5.12 switzerland 5.5.13 greece 5.5.14 uk 6 references 7 external links investment philosophy edit capital s investment philosophy based on active portfolio management and in house research to drive long term investment results has been consistent since the company was founded . citation needed the firm is known for its long term focus and research based approach and maintains a large in house research team that develops proprietary insights into investment decisions . citation needed the capital group companies manage equity assets through three investment groups that make investment and proxy voting decisions independently . citation needed history edit in 1931 jonathan bell lovelace founded the investment firm lovelace dennis & renfrew which would eventually become capital group . lovelace had previously been a partner in the stock brokerage firm e.e. maccrone where he explored the concept of developing an open end mutual fund . he eventually sold his stake in that company just prior to the wall street crash of 1929 . in 1933 lovelace s firm took over management of the investment company of america which he had launched at e.e. maccrone in 1927 . 1 for the next 20 years his firm enjoyed modest success . 2 as mutual funds gained in popularity in the 1950s capital s roster of mutual funds grew . the international resources fund established in 1955 3 was capital s first foray into international investing . a year earlier lovelace had established an international investment staff at the urging of his son jon lovelace jr. the establishment of the firm s first overseas research office in geneva followed in 1962 . 4 in 1958 jon lovelace jr. introduced a new system of managing the firm s mutual funds and accounts . rather than assign a portfolio to a single manager he divided each portfolio among several managers . each manager would share ideas with peers but have total discretion over a section of the portfolio . known today as the capital system it avoids the phenomenon of creating single manager stars who can impact a fund s results should they leave . 5 in the mid 1960s capital began to include research analysts in the management of the portfolios reserving a portion of each to allow analysts to pursue their highest conviction investment ideas . 6 capital group s long term approach has helped it avoid some of the pitfalls that have plagued other firms . in the late 1990s the firm was criticized for not offering then popular tech funds . but when the tech bubble burst capital was praised for not jumping on the bandwagon . 7 in the early 2000s new share classes and offerings were introduced such as a 529 college savings plan and retirement target date funds . named for the expected year of withdrawal the target date funds automatically rebalance their mix of equities and fixed income holdings as the investor approaches the expected date of retirement . today capital group has expanded its mutual fund offerings outside the u.s. to include europe canada and asia and provides research and investment services to institutional investors around the globe . accolades edit morningstar found that capital group s american funds created the most wealth for investors in the period between december 31 1999 and december 31 2009 . 8 many of the firm s funds were also included in morningstar s fantastic 50 in 2015 and its fantastic 48 in 2014 . 9 offices edit capital group employs more than 7 000 associates worldwide . north american locations include atlanta los angeles new york san francisco toronto and washington d.c. as part of expansion plans in europe capital group established a presence in frankfurt madrid milan and zurich adding to its offices in geneva london and luxembourg . 10 its asia offices include beijing hong kong mumbai singapore and tokyo . capital group also has a growing presence in sydney 11 and a private equity office in s o paulo . investments edit canada edit entertainment one 5.5 % 12 united states edit amazon.com inc. 6.2 % 13 amgen inc. 10.24 % 14 alcoa lockheed martin 10.39 % 15 square 12.3 % oceania edit australia edit amcor 9.42 % fortescue metals group 7 % asia edit china edit byd co ltd. 9.92 % hong kong edit stella international holdings limited 8.95 % 16 philippines edit puregold price club inc. 5.4 % 17 singapore edit comfortdelgro 6.46 % 18 phorm 7.99 % 19 st engineering 5.5005 % 20 south korea edit naver corporation 5.2 % europe edit austria edit telekom austria group 7.94 % 21 czech republic edit ez group 2.98 % 22 telef nica czech republic 2.97 % 23 denmark edit tdc a s 10.0218 % 24 france edit schneider electric 9.4 % 25 germany edit bayer ag 10.018 % 26 bijou brigitte 3.0025 % 27 b we systec ag 5.10 % continental ag 5.10 % 28 deutsche bank 3.08 % 29 fraport ag 5.07 % 30 gea group ag 4.985 % 31 infineon technologies ag 4.10 % 32 linde ag about 10 % share sap ag 3.19 % 33 siemens ag 3.02 % 34 volkswagen ag 4.097 % participation 5.6 % voting 35 ireland edit ryanair 16.7 % 36 luxembourg edit arcelormittal s.a 5.49 % 37 netherlands edit akzo nobel 9.94 % 38 asml 8.8 % 39 kpn telecom 10.68 % 40 russia edit rambler 3.29 % spain edit bankia sa 5.49 % 1 sweden edit tobii 6.1 % 2 switzerland edit geberit ag 5.0518 % 41 mobilezone holding ag 4.99 % 42 greece edit ellaktor 5.70 % eurobank ergasias 13.0132 % fourlis holding 9.86 % jumbo stores 9.00 % opap 11.5439 % titan cement 5.00 % uk edit legal & general 8.06 % 43 liberty global 6.49 % 44 lonmin 8.01 % 45 royal dutch shell 9.85 % sse 7.84 % 46 references edit may 4 1927 new investment company . new york times ellis charles d. 2004 . wall street people true stories of today s masters and moguls . new york john wiley & sons . pg . 193 ellis charles d. 2004 capital the story of long term investment excellence . pg . 196 ellis charles d. 2004 capital the story of long term investment excellence . pg 196 willis clint september 1997 . the giant nobody knows . mutual funds link unavailable petruno tom november 26 1990 . capital performance . the los angeles times greene andrew january 10 2003 . fund titan jon b. lovelace jr. empire builder . ignites baden ben march 5 2010 . in past decade american funds created most wealth . u.s. news and world report kinnel russell may 2014 . fantastic 48 . morningstar fund investor & kinnel russel june 2015 . fantastic 50 . morningstar fundinvestor samuel juliet october 16 2014 . capital group turns to wealth for international expansion . wall street journal smith mark december 1 2014 . capital group expands retail sales team . financial standard entertainment one entertainment one shareholder information . entertainmentone . retrieved 2015 01 18 . def 14 official notification to shareholders of matters to be brought to a vote proxy . amazon.com . april 12 2013 . retrieved august 27 2014 . 2014 proxy statement page 26 http www.astproxyportal.com ast amgen document 1 2014 % 20proxy % 20statement.pdf lockheed martin corporation lmt ownership summary . nasdaq.com . retrieved 2016 06 21 . http www.etnet.com.hk www eng stocks realtime quote ci brief.php code 1836 http investvine.com german us firms bank on philippines http www.comfortdelgro.com.sg pdfs annual report 2011 en shareholding % 20statistics.pdf http www.phorm.com aim rule 26 compliance information securities http www.stengg.com investor relations shareholding statistics telecompaper 21 . june 2011 telekom austria group shareholder cuts stake to under 10 % cnb notification of a holding of a proportion of voting rights cnb notification of a holding of a proportion of voting rights tdc major shareholder announcement regarding tdc a snov 5 2014 schneider electric 2011 annual report s ddeutsche zeitung oktober 2008 wer geh rt zu wem bayer ag bijou brigitte ag 29 . december 2009 pflichtmitteilung s ddeutsche zeitung oktober 2008 wer geh rt zu wem continental ag deutsche bank shareholder structure beteiligung fraport ag stand mai 2007 mitteilung fraport ag s ddeutsche zeitung oktober 2008 wer geh rt zu wem gea group ag s ddeutsche zeitung oktober 2008 wer geh rt zu wem infineon technologies ag sap ag 04 . november 2008 beteiligungen der sap ag siemens ag august 2009 ver ffentlichung einer stimmrechtsmitteilung s ddeutsche zeitung oktober 2008 wer geh rt zu wem volkswagen ag http corporate.ryanair.com docs corp investor 2014 final annual report 2014.pdf http corporate.arcelormittal.com news and media press releases 2016 apr 18 04 2016 de volkskrant october 2010 profiel akzo nobel de volkskrant october 2010 profiel asml de volkskrant october 2010 profiel kpn geberit ag 13 . m rz 2008 offenlegung von beteiligungen mobilezne holding ag 14 . september 2011 offenlegung von beteiligungen http investor.legalandgeneral.com releasedetail.cfm releaseid 868715 http www.nasdaq.com symbol lbtya institutional holdings http www.investegate.co.uk lonmin plc lmi rns holding s in company 201508251330020251x http www.digitallook.com cgi bin dlmedia security.cgi csi 10088 external links edit the capital group website 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