Capital Group's Fashionably Late Entry to the ETF Party
One of the world's largest asset managers makes a statement.
Capital Group, the parent of American Funds, expects to introduce its first suite of exchange-traded funds early next year. According to preliminary prospectus filings on Aug. 24, 2021, the firm will launch six actively managed, transparent ETFs in the latter half of 2022's first quarter: fixed-income strategy Capital Group Core Plus Income CGCP; U.S.-centric equity mandates Capital Group Growth CGGR, Capital Group Core Equity CGUS, and Capital Group Dividend Value CGDV; and international/global equity strategies Capital Group Global Growth Equity CGGO and Capital Group International Focus CGXU.
Tom Nations does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.