Capital Group launches multi-asset income strategy for Asian investors
Capital Income Builder, a product for investors in Asia, claims to provide a reliable income stream, without excessive exposure to volatility
Capital Group, one of the world's largest investment management firms, with more than US$1.8 trillion of assets under management, is launching a multi-asset income strategy for investors in Asia.
The launch of Capital Group Capital Income Builder (LUX), a Luxembourg-domiciled fund (UCITS), continues the build-out of a multi-year strategic plan to give clients based outside the US access to Capital Group's long-standing US strategies.
The new fund follows the same investment approach as the 30+ year old, US$100 billion+ multi-asset income strategy from the US, and is managed by the same investment team. The fund seeks to provide a level of current income that exceeds the average yield on US stocks generally, and to provide a growing stream of income over the years.
Tom Quantrille, president and head of Asia at Capital Group, added: "Our multi-asset investing capability dates back to the 1970s and we now manage almost $400 billion in multi-asset investments globally. We are seeing growing demand in Asia for multi-asset goal-oriented solutions, and therefore continue to expand our offering and capabilities in this area for investors in Asia."
Capital Group has been serving investors in the Asia-Pacific region for more than 30 years. It currently employs more than 260 associates in the region, and has offices in Beijing, Hong Kong, Mumbai, Singapore, Sydney and Tokyo.
19 Sep 2018