As many countries continue to record rapid economic growth, high inflation and interest rates are also recorded. Tim Armour, Capital Group’s chairperson, believes that equity and bond markets are struggling to stabilize after Donald Trump won the 2016 presidential elections.
Tim’s Capital Group has over $1.4 trillion in investment assets. As an investment advisor, Tim also believes that most asset managers are skeptical about the future state of their investments after the presidential elections. There are asset managers who think that Trump’s leadership style will lead to a slow economic growth and decreased interest rates.
Tim used Pimco as an example of a bond fund manager that reduced its holdings on high-risk bonds. According to him, this move assures fund managers of safer cash and defensive bond markets. Identifying market regime changes is difficult. Tim predicted the instability of the investment world after new officials were sworn in the U.S. government. He is certain that the new officials will challenge globalization and this factor will affect the asset management sector.
Tim and the Success of Capital Group
Tim Armour has been a member of Capital’s leadership team for the last thirty years. His roles as CEO involve managing funds for the company. These funds include the American Capital Income Builder Fund that is worth $100 billion. Besides his role at Capital Group, Timothy Armour also worked as an executive for service companies and global telecommunications. He commenced his career as an apprentice working under the Associates Program.
Tim attributes his executive and finance career success to the economics degree he obtained from Middlebury College. Throughout his 34 years of experience in the investment world, Tim has been formulating investment strategies for Capital Group. His work also involves interacting with asset managers and building business relationships for the profitability of Capital Group of Companies.
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