In ‘hell freezes over’ moment, American Funds pairs up with passive ETFs
The 90-year-old active management complex is launching 12 model portfolios that combine its active mutual funds with ETFs from Schwab, Vanguard and BlackRock.
A year after migrating into the ETF space, Capital Group, the $2 trillion asset management complex best known for actively managed mutual funds, is branching out again by partnering with providers of passive index funds through its suite of 12 new model portfolios.
Launched earlier this month, th
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