With over thirty years experience in investment, Timothy was appointed Chairman of the Company, Capital Group. Timothy partners with senior executives of Capital Group to run the business and manage daily operations. Timothy’s roles at Capital Group began in 1983 when James Rothenberg was the Chairman. Timothy Armour took up the position of chairman when he passed on in July 2015. Armour acknowledged James’s input at Capital Group during his serving as lead and Chairman.
Capital Group was established in 1931, in California and is prominent for its age and reputation as the top notch investment management with long term focus. The company has offices in over twenty cities. Capital Group has had many partnerships including the Samsung Asset Management. The aim of the alliance was to link on global and asset control in the Korean market. The two firms were to capitalize on four core areas namely; investment administration, asset supervision, retirement management and maintenance of supply channels.
Early Life and Career
Although Investment is fun and beneficial, the risks involved are not as exciting. That is why Timothy Armour is instrumental in the field of investment. Timothy Armour has been a long term serving Chairman and Director of Capital Research Company. He is also the Principal Executive Officer of the firm and a Portfolio Manager in the company. With a vast experience in investment, Timothy Armour was initially the Investment Analyst at Equity Capital. In that department, he was in charge of global telecommunications. His career commenced when he participated in the program of associates after his graduation from Middlebury College with a Bachelor’s in Economics.
September Market Sell Off
As a portfolio manager and guru in investment, Tim Armour was interviewed concerning the effects of China’s trading in the 2015 economic recession. The recession was marked with a sharp dwindle in Chinese stocks in addition to currency devaluation. The two elements hurt the world’s economy starting with Europe, Japan, and America, some of the states that rule the world’s economy. China decreased its interest rates to stimulate the economy.
According to Timothy Armour, the U.S has been controlling the world with fair values in most sectors and companies. The market correction was therefore expected in the long run because; it is healthy for the economy once in a while. Tim further said that the economy of the U.S is not growing as fast as most investors expected because of a mix up in data.
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