Tim Armour studied Economics at Middlebury College where he got his bachelor’s degree. In 1983, he started working at the Capital Group Companies. His first role involved working with the Associates Program. He has also been the equity investment analyst in the same company. This gave Tim great knowledge and experience in investments. Currently, Mr. Armour holds several positions at Capital Group Companies. These positions include equity portfolio manager, principal executive officer, director and chairman.
In an interview, Tim said that there are several issues that investors should watch carefully. One of these issues was the interest rates. According to Tim, interest rates have a great effect on corporate earnings and consequently on a country’s GDP. Being an expert in global investments, he said that there was a lot of expectation especially after the United States election. He explained that despite the differences in growth rates, many countries around the world were experiencing growth.
Tim Armour also discussed how interest rates would affect different businesses. Some companies get more profits from high interest rates while others benefit from low interest rates. He mentioned banks as one of the businesses that benefit from high interest rates. This being the case, Tim asked investors to be keen on the factors that favor the sector they decide to invest in. This way they can know what to expect at different times. Click here to know more.
In 2015, Samsung Asset Management (SAM) and Capital Group began a partnership. In Korea, SAM is a leader in asset management. The partnership was supposed to help both companies to come up with retirement solutions, investment and management strategies and formulate proper distribution channels. The partnership would be very beneficial to both parties. SAM would help the Capital Group to distribute its services and products.