American Funds’ parent Capital Group announced that veteran manager Jonathan Knowles will step off American Funds Smallcap World on Jan. 2, 2024, and retire from the firm on April 1, 2024. Knowles has spent 23 of his 31 years at Capital Group managing this strategy. He also serves as one of the principal investment officers for the fund in charge of allocating capital across the managers’ independently run sleeves. In November, Peter Gusev will officially join the management team, bringing the total number of named managers to 20. When Knowles departs in January, Dimitrije Mitrinovic will take over as a principal investment officer, with Gregory Wendt remaining as lead principal investment officer. While Knowles’ retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy’s High People rating or its Morningstar Medalist Ratings.
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