Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 3/5

Over 80% of Capital Group equity strategies beat their benchmarks post-fees

Mike Gitlin · Mike Gitlin – The Century of Capital Group (EP.479) · Jan 5, 2026 · at 46:05

Mike Gitlin, CEO of Capital Group, defends active investing against passive management, pointing to Capital Group's historical net-of-fee track record across equity strategies.

0:00 / 0:06exact quote · 6.7s

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“If you look at our equity strategies since inception, over 80% of them have beaten the market after fees.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Over 80% of Capital Group's equity strategies have outperformed their benchmark indices after fees since inception.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Mike Gitlin claimed on January 5, 2026, that over 80% of Capital Group's equity strategies had beaten their primary benchmark indices net of fees since inception. Independent reporting and analysis of Capital Group's track record through year-end 2025/early 2026 confirm that 84% of its equity strategies outperformed their primary prospectus benchmark indices net of fees since inception (and 91% gross of fees). This exceeds the 80% threshold.

Analysis published in early 2026 evaluating Capital Group's track record through year-end 2025 established that 84% of Capital Group's equity strategies outperformed their primary benchmark indices net of fees since inception.
Gross of fees, 91% of Capital Group's equity and multi-asset strategies beat their primary benchmark indices over the same historical timeframe.

Checked against

[1] evidenceinvestor.com [2] evidenceinvestor.com [3] morningstar.com [4] morningstar.com [5] morningstar.com [6] evidenceinvestor.com [7] ifa.com [8] ifa.com

American Funds equity strategies outperform benchmark since inception Morningstar "FT Alphaville" "Capital Group" "gross of fees" "net of fees" "Robin Wigglesworth" "Capital Group" "84%" "equity" Capital Group equity funds beat benchmark since inception Morningstar American Funds "equity funds" outperformed benchmark "since inception" American Funds percentage outperformed benchmark since inception

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Capital Group equity strategies

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More from Mike Gitlin

Disclosure

Capital Group compensates portfolio managers based on returns, not asset volume

“If our investment results are the same and our tenure at Capital Group's the same, our bonus is the same. Meaning we don't incentivize a money grab to manage as many assets as you can.”

Mike Gitlin Jan 5, 2026 ▶ 19:50 Mike Gitlin – The Century of Capital Group (EP.479)

Disclosure

Capital Group ties portfolio manager bonuses primarily to eight-year performance

“And he's measured on his eight-year result first and foremost in his quantitative bonus, not his one-year result.”

Mike Gitlin Jan 5, 2026 ▶ 12:24 Mike Gitlin – The Century of Capital Group (EP.479)

Opinion

Large single-manager funds inevitably force the inclusion of low-conviction ideas

“When you're a sole practitioner in a strategy, and you're managing a lot of money, and you're diversified, you could be left with someone's less high conviction parts of the portfolio. The bottom 25% of their conviction names, why would you want those in a por…”

Mike Gitlin Jan 5, 2026 ▶ 31:35 Mike Gitlin – The Century of Capital Group (EP.479)

Opinion

Launching and closing speculative funds is experimenting with clients' life savings

“There are some that will launch a multitude of strategies, and if it works great, and if not, they'll close them. That's a lot of trial and error on somebody's life savings. We don't want to do that.”

Mike Gitlin Jan 5, 2026 ▶ 41:27 Mike Gitlin – The Century of Capital Group (EP.479)

Insight

Firms only avoid asset management partnerships to retain 100% of fees

“The only reason you wouldn't end up at partnership is if you wanted to retain a hundred percent of the economics.”

Mike Gitlin Jan 5, 2026 ▶ 48:22 Mike Gitlin – The Century of Capital Group (EP.479)

Assertion Supported

Capital Group analysts directly manage client assets, not just rate stocks

“Everyone sees what everyone's doing, and the analysts manage money. They're not credit raters. They're not stock raters. They actually manage real client assets, which is different.”

Mike Gitlin Jan 5, 2026 ▶ 10:39 Mike Gitlin – The Century of Capital Group (EP.479)

Over 80% of Capital Group equity strategies beat their benchmarks post-fees

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