Capital Group Partners With Samsung Asset Management To Advance Investment Strategies In Korea

Samsung asset management and Capital Group on October 14, 2015, launched a partnership to collaborate on advancing investment strategies for retail and institutional investors in Korea.

They agreed that Capital Group would assist Samsung Asset Management to know about “Capital-style active management,” to offer management skills in areas like client and business management.

Timothy Armour, chair of Capital Group, said that their main aim is to co-design investment remedies to fulfill the retirement, savings, and insurance-linked wants of Korean investors. Consequently, both Samsung representative and Tom Joyce said that details of the relationship’s economics – how co-designed products would be disseminated and earnings shared – was yet to be worked out.

Timothy “Tim” Armour

On July 28, 2015, Timothy Armour was appointed by the Board of Directors of Capital Group as its Chairman. Timothy is the CEO and chairperson of Capital Research and Management Company, Inc., and the Capital Group Companies Management Committee’s Chairman. Tim replaced former Chairman Jim Rothenberg who passed away in 2015 while on vacation.

Tim has 34 years of investment experience at Capital Group. He covered U.S. Service companies and telecommunications when he was a Capital Group’s equity investment analyst. He started his career as an Associates Program participant at Capital Group, after graduating from Middlebury College. He is a bachelor’s degree holder in Economics and resides in Los Angeles.

Timothy said that investors should consider investment risks, objectives, expenses, and charges; this is enclosed in the fund’s characteristic report, which is obtainable from a relationship manager or financial professional.

Capital Group

From 1931, Capital Group has achieved consistent results over the years by delivering superior investment and financial services for long-term investors using active research, high-conviction portfolios, and individual accountability. Today, the fund manages assets that are worth at least $1.4 trillion.

According to Timothy, Capital Group’s strength lies in the combined talents of its associates and remains focused on their mission to provide long-term, superior results to both clients and investors. He also advocates for active fund management. This is because he believes that investors deserve to be served by active managers who rely on market research to find new profitable avenues to invest.

Comments are closed, but trackbacks and pingbacks are open.