Capital Group launches new ETFs, but without American Funds name
Executives at the 90-year-old asset manager have high hopes for building out Capital Group as a global ETF brand, with designs on a $500 billion business.
Capital Group, the $2.6 trillion mutual fund giant, is bucking the recent trend among fund companies migrating into the ETF space by going fully transparent with its suite of six actively managed strategies.
The asset manager is also sending a message by registering the new funds under the C
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