Timothy Armour is an equity portfolio manager with more than three decades of experience in the investment sector. Timothy started his career at Capital as a participant in the associate’s program. He would later be promoted to an equity investment analyst and then a portfolio manager at the company. Armour was named the chairman of Capital Group in July of 2015. The seat was left vacant after Jim Rothenberg (the chairman) passed away while on vacation. Capital Group is among the leading investment funds today. It is the parent company of American Funds. Armour is also the chairman of both Capital Research and Management and the management committee of Capital Group.
Armour has been a major advocate of active funds and their relevance in today’s markets in the course of his career. Armour has stated in the past that investors should look for active funds if they wish to get higher returns. This is because index funds do not make any judgments and so it is harder for them to predict what markets will look like in the future. He observed that the best managers are those that do in-depth research on companies and gain insights on the future of a company through data. He noted that this is the reason why Capital Group had performed so well and how their assets had grown to over a trillion dollars.
Capital Group and Samsung Asset Management announced that they had entered into a partnership in late 2015. The deal makes the two entities to collaborate to improve Samsung Asset Management’s investment capability as an active fund. The two companies develop asset products and retirement solutions for the Korean market which has a relatively huge aging population. Armour stated that both companies would design investment solutions that meet the savings and retirement needs of investors in Korea. Samsung Asset Management released a statement saying that the partnership would help them to become the top three asset management companies in Asia.
Armour was also asked to give his opinion on the market sell-off that happened in late 2015. He pointed out that the US market had been on a bull run for the six consecutive years and what had happened was a market correction. The sell-off had been triggered by slowing the growth of China’s economy and the devaluation of the Yuan by the Chinese government. He said that the correction was necessary and healthy for the market since it helped to keep things in check.