Timothy D. Armour is the current Chairman, Director and the Principal Executive Officer at Capital Research and Management Company. He became the chairperson of Capital Group in the year 2015 after the demise of the then chairperson James Rothenburg. He has accumulated a lot of experience having previously worked in various positions. He worked as an Equity Investment Analyst in Capital Group where he dealt with global telecommunications and United State service companies.
Timothy D. Armour joined Capital Group in the year 1983 where he began his career as a participant in the Associates Program. He is a holder of Bachelor’s Degree in Economics from the Middlebury College.
His advice to investors is and has always been that they should save more for their retirement and should get invested stay invested.
When Capital Group and Samsung announced their Tim Armour was quoted saying that “the broader plan is to fulfill the savings, retirement and insurance-linked needs of Korean investors to know more: https://www.linkedin.com/pub/dir/Tim/Armour click here.
His thought in the market selloff triggered by China was that China at that time accounted for the 15% of the world’s GDP and that had the greater impact on the global economy than ever before. The most significant part of investment the selloff was when China devalued its currency delivering a shock to the financial market at the time.
Weeks after elections where Donald Trump emerged as a winner, Tim Armour said that the markets for equities have been struggling and have failed to reach new high while bond markets have ignited dramatic changes in the asset prices. He continued and said that in his whole career he has been seeing the decline of interest rate and maybe this is the rock bottom of it.
Some of the asset managers still doubt that the president-elect will end the era slow economic growth and the depressing interest rates that have been there since the financial crisis, he finished. He also warned that changes in the market are very hard to note and people should be aware of the certain turbulence ahead now that the incoming government policies are uncertain. But he contended that markets were facing an inflection point that was driven by a steam of concern across the globe.