Welcome!

Capital Ideas is built for readers who want to put today's investment news into long-term perspective. Our stories represent the intellectual capital of Capital Group, home of American Funds, one of the world's largest asset managers.

Throughout this site, you'll find:

- Valuable perspectives, not short-lived predictions
- Opinions based on extensive global research
- Thoughtful commentary on pressing investment topics

Our goal is to deliver insights to help our readers succeed.

Meet the Editorial Team

Our editorial team includes former business journalists and investment professionals. We work together to bring you both the crucial information you need and the compelling stories we think you'll love. Contact us at capitalideas@capgroup.com.
Andrew Dougherty
Equity investment analyst

Andrew covers Asia-Pacific real estate. He has 14 years of investment industry experience, all with Capital Group. Earlier in his career at Capital he was a China economist and research director. He holds degrees from the University of Cambridge and George Washington University.

Carl Kawaja
Equity portfolio manager

Carl has 32 years of investment experience, 27 with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global household products and U.S. personal care companies, along with Canadian companies. He holds an MBA from Columbia and a history degree from Brown.

Darrell Spence
Economist

Darrell is a research director with 26 years of investment industry experience, all at Capital Group. He is a CFA charterholder and earned a bachelor's degree in economics from Occidental College.

Hilda Applbaum
Portfolio manager

Hilda has 32 years of investment experience, 24 with Capital Group. Earlier in her career at Capital, she covered global convertible securities as an investment analyst. Hilda holds a master's degree in economics from New York University and a bachelor's degree from Barnard. She is also a CFA charterholder.

Jessica Spaly
Equity investment analyst

Jessica covers U.S. retail, branded apparel and footwear. She has 21 years of investment experience, 15 with Capital Group. Prior to joining Capital, Jessica was a private equity analyst for Kohlberg Kravis Roberts & Co. and an analyst in mergers and acquisitions for Morgan Stanley. She holds MBA and bachelor's degrees from Harvard.

Matt Miller
Political economist

Matt joined Capital in 2014. His duties include analyzing U.S. policy trends that affect investment decisions and hosting the Capital Ideas podcast. He has 33 years of industry experience, including stints as a senior advisor at McKinsey, a Washington Post columnist and author, host of public radio's "Left, Right & Center" program, and a Clinton White House aide. He has a law degree from Columbia and a bachelor's from Brown.

Mike Gitlin
Head of fixed income

Mike is a partner at Capital Fixed Income Investors, chairs the fixed income management committee and serves on the Capital Group management committee. He has 25 years of investment experience, four with Capital. Mike was previously the head of fixed income and global head of trading for T. Rowe Price. He has also held positions with Citigroup Global Markets, Credit Suisse Asset Management and George Weiss & Associates. Mike earned a bachelor's from Colgate University.

Doug Mehagian
Creative Director

Doug has 18 years experience in the investment business, all with Capital Group. Previously, he held positions at Forbes and Credit Agricole. He has a BA from Loyola Marymount University.

Will McKenna
Editor-In-Chief

Will has 23 years of experience in the investment business, the last 18 with Capital Group. Before that, he was at Mercer Management Consulting in New York. Will holds a BA from Princeton.

Apu Sikri
Senior creative manager

Apu has 25 years of investment industry experience and has been with Capital Group for 17 years. She was previously with BlackRock and also worked as a journalist for Reuters and Dow Jones News. She has an MBA from NYU and a bachelor's from CUNY.

Fred Macri
Director of strategy

Fred has led digital media initiatives in various sectors, and is a former officer in the U.S. Navy. Fred has been at Capital since 2014 and is a graduate of Duke University.

Our Legacy

As pioneers in research-driven global investing, Capital Group has spent more than 85 years singularly focused on delivering superior outcomes for investors.

Covering the World

Hailing from more than 50 countries and operating out of offices worldwide, Capital's 375+ investment professionals represent a diverse and dynamic mix of portfolio managers, investment analysts and economists in everything from taxes to government affairs to accounting. Their mission? Pursuing insights that translate into better investment outcomes. Meet some.

Covering the World

Hailing from more than 50 countries and operating out of offices worldwide, Capital's 375+ investment professionals represent a diverse and dynamic mix of portfolio managers, investment analysts and economists in everything from taxes to government affairs to accounting. Their mission? Pursuing insights that translate into better investment outcomes. Meet some.

Office: Los Angeles

Akira Horiguchi

Akira Horiguchi

Equity portfolio manager
Experience: years
Office: tokyo
Akira has 25 years of investment industry experience, 18 with Capital Group. Earlier in his career at Capital, Akira was an equity investment analyst and covered Japan as a small- and mid-cap generalist. He holds a bachelor's degree in economics from Tokyo University.
Andrew Dougherty

Andrew Dougherty

Equity investment analyst
Experience: years
Office: beijing
Andrew covers Asia-Pacific real estate. He has 14 years of investment industry experience, all with Capital Group. Earlier in his career at Capital he was a China economist and research director. He holds degrees from the University of Cambridge and George Washington University.
Anirudha Dutta

Anirudha Dutta

India macro analyst
Experience: years
Office: mumbai
Anirudha covers broad sector and macro research responsibilities in India. He has 28 years of investment industry experience, five with Capital Group. He was previously head of research for CLSA India Ltd., head of mergers & acquisitions and investor relations at Tata Steel, director of content and equity research for India Infoline Ltd and deputy head of research at ING Barings. He holds degrees from Xavier School of Management and the Indian Institute of Technology, Kharagpur.
Carl Kawaja

Carl Kawaja

Equity portfolio manager
Experience: years
Office: san-francisco
Carl has 32 years of investment experience, 27 with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global household products and U.S. personal care companies, along with Canadian companies. He holds an MBA from Columbia and a history degree from Brown.
Darrell Spence

Darrell Spence

Economist
Experience: years
Office: los-angeles
Darrell is a research director with 26 years of investment industry experience, all at Capital Group. He is a CFA charterholder and earned a bachelor's degree in economics from Occidental College.
David Cummins

David Cummins

Equity investment analyst
Experience: years
Office: singapore
David has research responsibility for Asian internet companies, health care equipment in Australia and New Zealand, as well as Australia as a generalist. He has eight years of investment experience, four with Capital Group. He holds an MBA from Wharton and a master's in international studies from the Lauder Institute at the University of Pennsylvania.
Gadi Slade

Gadi Slade

Equity investment analyst
Experience: years
Office: new-york
Gadi is responsible for for European, EEMEA and Latin American telecom, cable, pay TV and broadcasting companies, as well as REITs. He has 18 years of investment experience, all with Capital Group. He holds an MBA from Harvard and a bachelor’s in industrial engineering and psychology from Stanford.
Georgios Damtsas

Georgios Damtsas

Equity research director
Experience: years
Office: geneva
Georgios has research responsibility for packaged food, household & personal care, catering services and publishers in Europe; tobacco and advertising agencies internationally, as well as consumer staples in India. He has 15 years of investment experience, all at Capital. He has a master's from Cambridge and a bachelor's from the London School of Economics.
Greg Johnson

Greg Johnson

Equity portfolio manager
Experience: years
Office: los-angeles
Greg has 25 years of investment experience, all with Capital Group. Earlier in his career, he covered U.S. merchandising, retail, restaurant and footwear companies as an investment analyst. He holds an MBA from Columbia and a bachelor’s degree from UCLA.
Hilda Applbaum

Hilda Applbaum

Portfolio manager
Experience: years
Office: san-francisco
Hilda has 32 years of investment experience, 24 with Capital Group. Earlier in her career at Capital, she covered global convertible securities as an investment analyst. Hilda holds a master's degree in economics from New York University and a bachelor's degree from Barnard. She is also a CFA charterholder.
Jessica Spaly

Jessica Spaly

Equity investment analyst
Experience: years
Office: san-francisco
Jessica covers U.S. retail, branded apparel and footwear. She has 21 years of investment experience, 15 with Capital Group. Prior to joining Capital, Jessica was a private equity analyst for Kohlberg Kravis Roberts & Co. and an analyst in mergers and acquisitions for Morgan Stanley. She holds MBA and bachelor's degrees from Harvard.
Jody Jonsson

Jody Jonsson

Equity portfolio manager
Experience: years
Office: los-angeles
Jody has 30 years of investment experience, 28 with Capital. She also serves on the Capital Group management committee and the Portfolio Oversight Committee. Earlier in her career at Capital, Jody covered insurance, U.S. household & personal care, restaurants & lodging and cruise lines companies as an investment analyst. She holds an MBA from Stanford and a bachelor's from Princeton. Jody is a CFA charterholder and a member of the CFA Institute.
John Smet

John Smet

Fixed income portfolio manager
Experience: years
Office: los-angeles
John has 37 years of investment experience, 35 with Capital Group.He also serves on the portfolio oversight committee. Earlier in his career at Capital, he covered mortgage-backed securities and railroads as an investment analyst. John holds MBA and bachelor's degrees from the University of Wisconsin and is a CFA charterholder.
Jonathan Knowles

Jonathan Knowles

Equity portfolio manager
Experience: years
Office: singapore
Jonathan has 27 years of investment experience, all with Capital Group. Earlier in his career, Jonathan covered pharmaceuticals, chemicals, support services and small-cap companies as an investment analyst. He has an MBA from INSEAD, France, as well as a PhD in immunovirology and a bachelor's in veterinary science from the University of Liverpool, U.K.
Karen Choi

Karen Choi

Fixed income investment analyst
Experience: years
Office: new-york
Karen is responsible for utilities, regional banks and non-bank financials. She has 20 years of investment experience, 11 with Capital. Prior to joining Capital, she was a fixed income analyst with AllianceBernstein and Prudential Financial. She earned her bachelor's degree from Wellesley College and is a CFA charterholder.
Ken Kojima

Ken Kojima

Equity investment analyst
Experience: years
Office: singapore
As research director, Ken has research responsibility for Asian energy and utilities companies. He has 21 years of investment experience, 14 with Capital. Earlier in his career, he also covered Asian information technology for Capital. He holds an MBA from MIT and a bachelor's degree from the University of Pennsylvania.
Lara Pellini

Lara Pellini

Equity investment analyst
Experience: years
Office: london
Lara covers Europe, Eurasian and Latin American retail and luxury goods. She has 17 years of investment experience, all with Capital. She holds a master’s degree in economics of labor and industrial relations from the London School of Economics and a diploma in public relations and economics of information from the IULM University, Milan.
Mark Brett

Mark Brett

Fixed income portfolio manager
Experience: years
Office: london
Mark has 40 years of investment experience, 25 with Capital. Prior to joining Capital, Mark was an economist and strategist with Barclays de Zoete Wedd in London and a director of BZW Capital Markets. He is a member of the CFA Institute U.K. and is a fellow of the Chartered Institute for Securities and Investment.
Mark Casey

Mark Casey

Equity portfolio manager
Experience: years
Office: san-francisco
Mark has 18 years of investment experience, all with Capital Group. Earlier in his career at Capital, Mark was an equity investment analyst and covered U.S. media, entertainment, newspapers, infrastructure software, internet and document imaging. Prior to joining Capital, he was a director and product manager for Siebel Systems. He holds an MBA from Harvard and a bachelor’s from Yale.
Martin Jacobs

Martin Jacobs

Equity investment analyst
Experience: years
Office: los-angeles
Martin covers U.S. industrials, machinery and electrical equipment companies. He has 30 years of investment experience, 18 with Capital. Before joining Capital, Martin was an executive director and senior investment analyst at Brinson Partners and an industry analyst at Security Pacific Merchant Bank. He was also a research analyst at the Wharton Center for Applied Research. He has an MBA from Wharton and a bachelor's from USC.
Matt Miller

Matt Miller

Political economist
Experience: years
Office: los-angeles
Matt joined Capital in 2014. His duties include analyzing U.S. policy trends that affect investment decisions and hosting the Capital Ideas podcast. He has 33 years of industry experience, including stints as a senior advisor at McKinsey, a Washington Post columnist and author, host of public radio's "Left, Right & Center" program, and a Clinton White House aide. He has a law degree from Columbia and a bachelor's from Brown.
Mike Kerr

Mike Kerr

Equity portfolio manager
Experience: years
Office: los-angeles
Mike has 35 years of investment experience, 33 with Capital. Earlier in his career, he covered global oil and gas companies and U.S. multi-utilities as an analyst. He holds an MBA and a bachelor's degree in geological sciences from Harvard.
Nick Grace

Nick Grace

Equity portfolio manager
Experience: years
Office: london
Nick has 29 years of investment experience, 25 at Capital. Earlier in his career at Capital, he covered global mining companies as an analyst. Nick was previously manager of metals research at J.P. Morgan Investment Management. He holds an MBA from the University of Wisconsin-Madison and a bachelor's from the University of Waikato, New Zealand. Nick is also a CFA charterholder.
Qiuwei Lin

Qiuwei Lin

Equity investment analyst
Experience: years
Office: beijing
Qiuwei covers small- to mid-cap industry business services in the U.S. She has five years of investment industry experience, all with Capital Group. Earlier in her career at Capital, Qiuwei was a china industry specialist, researching the consumer sector. Prior to joining Capital, she was a center director at International Enterprise Singapore in Singapore and China, facilitating Singapore companies’ investments into China. She holds a master’s in finance from Princeton and bachelor’s degrees in bioengineering and economics from the University of Pennsylvania.
Rahul Sadiwala

Rahul Sadiwala

Equity investment analyst
Experience: years
Office: singapore
Rahul has 11 years of investment experience, six with Capital Group. He has research responsibility in India for autos, financials, industrials and as a generalist.years. Earlier in his career at Capital, he covered Asia Pacific Telecom, Indian infrastructure, IT services and pharmaceuticals. Prior to joining Capital, he was a management consultant at McKinsey & Co. and an equity analyst at Goldman Sachs & Co. He holds an MBA from Wharton and a bachelor’s from Washington University in St. Louis. He is also a CFA charterholder.
Ritchie Tuazon

Ritchie Tuazon

Fixed income portfolio manager
Experience: years
Office: los-angeles
Ritchie has 18 years of investment experience, eight with Capital Group. Earlier in his career at Capital, he covered Treasuries and TIPS as an analyst. Prior to joining Capital, Ritchie traded TIPS, Treasuries and Interest Rate Swaps at Goldman Sachs. He holds an MBA from MIT, a master's in public administration from Harvard and a bachelor's from the University of California, Berkeley.
Rudolf Staehelin

Rudolf Staehelin

Equity portfolio manager
Experience: years
Office: geneva
Rudolf is vice chairman of Capital International Sarl. He has 38 years of experience, 36 with Capital. He previously covered European banking, pharmaceuticals and chemicals as an investment analyst. He has an MBA from Stanford and doctorate and master’s degrees in law from the Universität Basel in Switzerland.
Seung Kwak

Seung Kwak

Equity portfolio manager
Experience: years
Office: tokyo
Seung has 34 years of investment experience, 16 with Capital. He previously served as Chief Investment Officer-Japan and lead portfolio manager for Japan portfolios at Zurich Scudder Investments. Seung has a master's from Yale and a bachelor's from Middlebury. He is also a CFA charterholder.
Stephen Green

Stephen Green

Economist
Experience: years
Office: hong-kong
Stephen covers Asia from Hong Kong. He has 14 years of investment industry experience, four with Capital. Previously, he was head of research for Greater China at Standard Chartered Bank in China and Hong Kong Before that he ran the Asia program at Chatham House, the U.K. think tank. He holds a PhD in government from the London School of Economics and a first-class honors degree in social and political sciences from Cambridge.
Steve Watson

Steve Watson

Equity portfolio manager
Experience: years
Office: hong-kong
Steve has 31 years of investment experience, 29 with Capital. Earlier in his career, as an equity investment analyst at Capital, he covered Asian property and transportation, as well as European transportation and utilities companies. He has an MBA in finance and an MA in French studies from New York University as well as a bachelor's in French from the University of Massachusetts.
Sugiharto Widjaja

Sugiharto Widjaja

Equity investment analyst
Experience: years
Office: hong-kong
Sugi has research responsibility for Asian internet and small-cap companies, as well as Korean consumer companies. He has 12 years of investment experience, eight with capital. Prior to Capital, he was a research analyst for Fidelity Management and Research. He holds an MBA from UC Berkeley and a bachelor's in electrical engineering from Penn.
Susan Dietz-Henderson

Susan Dietz-Henderson

China affairs director
Experience: years
Office: beijing
Susan has 31 years of diplomatic experience and has been with Capital Group for 11 years. years. Prior to joining Capital, Susan was the Australian Consul-General in Shanghai, an assistant secretary for the Australian Department of Foreign Affairs and Trade in Canberra, and had other diplomatic postings in China, the United States, Australia, and Papua New Guinea. She holds a diploma in applied economics from the University of Canberra, a bachelor’s degree in arts and Asian studies from Australian National University, and a diploma in applied linguistics and translation from Wycliffe College.
Talha Khan

Talha Khan

Political economist
Experience: years
Office: london
Talha covers the euro zone and broader political issues. He has 10 years of investment experience, all with Capital. He holds a master's in international political economy from the London School of Economics and a bachelor's in economics and political science from Macalester College in Minnesota.
Winnie Kwan

Winnie Kwan

Equity portfolio manager
Experience: years
Office: hong-kong
Winnie has 22 years of investment experience, 19 with Capital Group. She previously covered global exchanges, Asian utilities and small-cap companies as an investment analyst at Capital. Prior to joining Capital, She holds master’s and bachelor’s degrees in economics from Cambridge. She is also a CFA charterholder.
Brad Vogt

Brad Vogt

Equity portfolio manager
Experience: years
Office: los-angeles
Brad is chairman of Capital Research Company and serves on the Capital Group Management Committee and the Portfolio Oversight Committee. He has 31 years of investment experience, all with Capital. Earlier in his career, as an equity investment analyst at Capital, he covered environmental services, U.S. telecommunications and cable & satellite TV companies. He holds a bachelor’s degree in international politics and economics from Wesleyan University.
Sue Walton

Sue Walton

SVP, Senior retirement strategist
Experience: years
Office:
Sue has 21 years of industry experience and has been with Capital Group for three years. Prior to joining Capital, Sue was a director at Towers Watson Investment Services and an investment consultant at Mercer Investment Consulting and Ellwood Associates. She holds an MBA from DePaul University and a bachelor's from Marquette University.