The recent market selloff in China whose ripple effects have been felt across many economies has sent many investors scrambling for expert opinion especially from investment and financial advisors. On the surface, it portends dark days ahead for the investors considering that sent many markets tumbling. However, exerts such as Timothy ‘Tim’ Armour have a different opinion. He holds that the recent market selloff is as a result of the markets correcting themselves. The correction marks a curling process aimed at weeding out the excess funds pumped into the markets by investors especially following the economic optimism that came on the backdrop of global economic crisis. The industry veteran with over three decades of experience believes that the 2015 selloff will set the Chinese market on a faster growth path. The reputable portfolio manager who currently serves as the chairman of Capital Group believes that this will further present investors in Chinese market with greater returns on investment and investment opportunities. Tim Armour holds that these are part of the market cycle and despite the tumble, China’s economic growth will still remain stronger that many compared to many leading economies.
Investment Philosophy and Leadership Succession at Capital Group
In addition to his duties as the chairman of Capital Group, Timothy (Tim) Armour also doubles up as the company’s chief executive. His long career gives him a deep insight in industry trends and operations. He has challenged the commonly held view that passive investments are ideal investment tools. While noting the successes associated with passive investment, Tim Armour holds that it encourages investment mediocrity, is susceptible to economic downturns and investors are at risk of being fleeced by the investment managers. He believes that active investment, while is characterized by numerous risk, has the potential of reaping greater returns on investment and more information click here.
Tim Armour’s rise to the helm of Capital Group in July 2015 was a result of a longstanding process that began when he joined the company where he has spent the whole of his professional career. He joined the company through its Associate Program and rose through the ranks to join the multi-tiered management. Though necessitated by the death of Jim Rothenberg who was the sitting chairman, his rise had been set in motion following his appointment as the chairman of the management committee and learn more about Tim.