Capital Group Makes Historic Shift in Private Assets Amid Industry Pressure

Capital Group, the world's largest active-only money manager, is shifting its strategy to attract more retail investors. The $3.3 trillion firm is launching a marketing campaign, expanding its ETF lineup, and forming a private-markets partnership with KKR to offer diversified portfolios. The move comes as the firm faces pressure to adapt to the changing investment landscape and avoid being left behind by rivals.