Tim Amour has climbed the ranks to be the chairman of Capital Group Companies. Armour began his career with the company in 1983, where he joined the associate program. He has vast experience in investment and management having worked as an investment analyst at Capital Group for over 33 years. Tim Amour was appointed as the chairman in July 2015 following the demise of James Rothenberg. The capital group is regarded as one of the best investment and management firms not only in the US but also around the globe. Tim is also the chairman of Capital Group’s management committee and Capital Research and Management company. Tim went to Middlebury College where he pursued a bachelor’s degree in economics.
Tim encourages investors to be on the lookout for active managers who will genuinely earn their keep. He advises them to do so because he believes that today, majority of the financial managers are very lazy and only rely on index funds rather than conducting research on companies. He goes ahead and gives a perfect example of giving an analogy of two companies, Netflix and Blockbuster. Tim argues that reliance on index funds only cannot distinguish companies’ business trends. However, an astute financial manager, who does thorough and in-depth research can be able to evaluate these trends and make right decisions and Tim on Facebook.
Capital Group partnered with Samsung Asset Management in October 2015, just after the appointment of Tim as the Group Chairman. The partnership is for both companies to co-develop retirement solutions and asset allocations products. According to Tim, the ultimate goal of the partnership is to come up with investments solutions for the Korean investors on savings, retirement, and insurance and learn more about Timothy.
It was not all rosy for Tim when he became the chairman of Capital group. One of the major hurdles Tim faced was as a result of market events, where the Dow Jones fell 521 points in a single day in August 2015.This downward trend made investors scared but Tim being a sharp investor, remained calm and attributed market event to a correction in a reaction of a six-year bull market. This assumption was right as things in Dow Jones normalized after a few days and read full article.