A little help: American Funds looks to Guardian to help boost performance

A little help: American Funds looks to Guardian to help boost performance
Flagging fund giant turns to researchers at sister firm, Capital Guardian, to boost its equity performance
JUL 26, 2012
American Funds is getting a hand from its institutional money management sister company Capital Guardian as parent company Capital Research and Management Company looks to boost the fund family's equity performance. Portfolio managers Robert Lovelace, William Robbins, Dylan Yolles and Noriko Chen will begin working with Capital Guardian's research team on September 1. “The goal is to help make us the best investment professionals we can be,” said spokesman Chuck Freadhoff. “We're taking advantage of research capabilities we never have before.” The four managers are responsible for various sleeves of the American Funds American Mutual Fund Ticker:(AMRMX), American Funds EuroPacific Growth Fund Ticker:(AEPGX), American Funds New Perspective Fund Ticker:(ANWPX) and the American Funds SmallCap World Fund Ticker:(SMCWX). American Funds' outflow woes — investors have pulled more than $220 billion since June 2008, according to Morningstar Inc. — commenced following the fund family's poor performance coming out of the financial crisis. The average American fund ranks in its category's 45th percentile over the five-year period ending June 30. The recent performance still hasn't dinged the family's long-term record, which helped it grow to $1.2 trillion in assets at its peak in 2007. Over the 15-years ending June, the average American fund ranks in the 26th percentile of its category, according to Morningstar.

Latest News

Barred advisor forged wife’s signature on life insurance contracts, according to FINRA
Barred advisor forged wife’s signature on life insurance contracts, according to FINRA

Thrivent Investment Management Inc. in May fired Nicholas Hale, according to his BrokerCheck profile.

Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways
Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways

About 70 bank and credit union advisors move to the Raymond James platform, while a $480M New Jersey team goes independent with LPL

Tax-aware investing should expand client choices, not constrain them 
Tax-aware investing should expand client choices, not constrain them 

The best tax plan asks not only how much a client could save, but what they would have to give up to save it. 

Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis
Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis

A 20-year financial services veteran brings values-driven planning expertise to the St. Louis-based RIA.

SEC enforcement against public companies hits record low under Atkins
SEC enforcement against public companies hits record low under Atkins

New research shows a 71% plunge in actions in fiscal year 2026, with total settlements the lowest since the database began.

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.