ETFs
Capital Group launches 7 new ETFs on the New York Stock Exchange
New services include four equity ETFs and three fixed income ETFs, bringing Capital Group’s ETF platform to 21
LOS ANGELES, June 27, 2024 /PRNewswire/ — Capital Group has introduced seven new active and transparent exchange-traded funds (ETFs) to complement its existing suite of core solutions for investor portfolios. The new strategies, including four equity ETFs and three fixed income ETFs, begin trading on the New York Stock Exchange (NYSE) today. In just over two years, Capital Group has launched 21 ETFs (11 equities, nine fixed income and one multi-asset) with assets under management (AUM) of $29 billion, gaining over 4% share market within active ETFs1.
The seven new funds include:
“Financial professionals now have 21 Capital Group ETFs to choose from, spanning some of the largest and most commonly allocated categories,” said Scott Davis, Head of ETFs at Capital Group. “Our robust ETF lineup gives financial professionals and their clients the ability to build model portfolios, for which we’ve heard there’s clear demand, as well as access to Capital’s long-term, active approach to investment management, competitive fees and the potential for above-benchmark returns as they pursue their long-term financial goals.”
“We know that our active ETFs are an important and differentiated addition to the market, with nearly 25,000 financial professionals2 already using our funds. Our goal is to continue to bring Capital’s long history of delivering superior and consistent investment results to more financial professionals and their clients. “Added Davis.
Details of the full range of available Capital Group ETFs are available here.
About Capital Group
Capital Group, home of American Funds, has been focused since 1931 on achieving superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability.
As of March 31, 2024, Capital Group managed more than $2.6 trillion in equity and fixed income assets for millions of individuals and institutional investors worldwide. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management within the Capital organization; however, for securities with equity characteristics, they act only on behalf of one of the three equity investment groups.
For more information, visit capitalgroup.com.
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On or about July 1, 2024, American Funds Distributors, Inc. will be renamed Capital Client Group, Inc.
1 Source: Morningstar. Direct US ETFs only as of May 31, 2024
2 Source: Capital Group. Integrated ETF sales tracking solution leveraging 3PD, the company’s data pack and other data sources (24.6K seller advisors) as of May 31, 2024.
Media Contact:
Sarah Christiansen, Capital Group
[email protected]
650-447-4986
SOURCE Capital Group Companies