I was in Washington D.C. earlier in May and wanted to share my experience visiting with Capital Group. It was a conference focused on “Investing in a US Election year”.  If you would like a copy of the presentation notes, please see attached link at the bottom of this email. 

Capital Group is a private firm with $2.5 trillion USD assets under management (larger than the top 5 pension plans in Canada combined). We hold a core position with Capital Group in our portfolios, particularly with clients investing through our A+ platform.

I met with three dedicated "Beltway" analysts to understand the implications of the upcoming U.S. elections on the investment landscape. All the analysts were fascinating and delivered a true political insider view into the variables in play. In fact one of them was dining later that week with President Biden.  As part of my due diligence of meeting our managers I also spent some time with Will Robbins, an equity portfolio manager on the Capital Group Global Developed Equity team.  He is part of a large team of experienced and dedicated analysts based around the world. Will and I discussed the relative appeal of different global equity markets (he is finding better value outside the US) as well as individual global sectors and names. What I have learned is they have generations of knowledge over multiple full market cycles, deeply experienced portfolio managers, institutional strength and scaling for broad coverage, long-running strategies guided by a time-tested investment approach. Their expertise in fundamental, bottom-up research allows them to confidently invest in companies for the long term. That matters because longer holding periods and lower turnover help limit capital gains taxes, allowing more capital to compound over time.