Mike Gitlin: Inside Capital Group’s Philosophy, Ownership Model and Long-Term Edge

Hi everybody, I'm Nikola Tangen, the CEO of the Norwegian Soviet Wealth Fund, and today I'm joined by Mike Gitlin, president and CEO of Kapital Group, which is one of the world's largest investment managers with more than 3 trillion in assets. Now, more importantly, Capital Group has a unique approach to investing owned by its employees, and I kind of think that you are the gold standard. In an essay, Mike. So great to have you here. Well, thank you.

We can end it there. No way. No way. Now, uh, Kapla Group, you've been around for nearly 100 years. Uh, but for those of uh the listeners who don't know, what do you do?

So we manage money for people around the world, and those people may be served by a a financial advisor and they may be a part of a a large-scale institution like a sovereign wealth fund, a defined benefit plan, a defined contribution plan. So it's both a wealth management business and an institutional business, but at the end of the day, all of that is managing money for people at the end of the day. And you've got a lot of, you you run the retirement funds for a lot of people. How many people are you are you helping? There's over 20 million families in the US, for example, that own something that Capital Group does, whether it's a mutual fund, an ETF, a collective investment trust, whatever way they consume that service, and globally, millions of people as well.

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