Welcome!

Capital Ideas is built for readers who want to put today’s investment news into long-term perspective. Our stories represent the intellectual capital of Capital Group, home of American Funds, one of the world’s largest asset managers.

Throughout this site, you’ll find:

- Valuable perspectives, not short-lived predictions
- Opinions based on extensive global research
- Thoughtful commentary on pressing investment topics

Our goal is to deliver insights to help our readers succeed.

Meet the Editorial Team

Our editorial team includes former business journalists and investment professionals. We work together to bring you both the crucial information you need and the compelling stories we think you’ll love. Contact us at capitalideas@capgroup.com.
Will McKenna
Will McKenna
Editor-In-Chief

Will has 21 years of experience in the investment business, the last 16 with Capital Group. Before that, he was at Mercer Management Consulting in New York. Will holds a BA from Princeton.

Fred Macri
Fred Macri
Director of Strategy

Fred has led digital media initiatives in various sectors, and is a former officer in the U.S. Navy. Fred has been at Capital since 2014 and is a graduate of Duke University.

Whitney Kisling
Whitney Kisling
Managing Editor

Whitney covered financial news for Bloomberg from 2008–2014 and joined Capital in 2015. She has an MBA from New York University and BA in journalism from the University of North Carolina-Chapel Hill.

Doug Mehagian
Doug Mehagian
Creative Director

Doug has 16 years’ experience in the investment business, all with Capital Group. Previously, he held positions at Forbes and Crédit Agricole. He has a BA from Loyola Marymount University.

Apu Sikri
Apu Sikri
Creative Director

Apu has been with Capital Group for 15 years. She was previously with BlackRock and also worked as a journalist for Reuters and Dow Jones. She has an MBA from New York University and a BBA from CUNY.

Mike Gitlin
Mike Gitlin
Head of Fixed Income

Mike has 23 years of investment industry experience and joined Capital Group in 2015. Before joining Capital, Mike was the head of fixed income and global head of trading for T. Rowe Price.

Jessica Spaly
Jessica Spaly
Equity Investment Analyst

Jessica covers U.S. retailers. She has 19 years of experience, 13 with Capital Group. Previously, Jessica worked as an analyst at KKR and Morgan Stanley. She holds an MBA from Harvard Business School.

Matt Miller
Matt Miller
Policy & Communications Advisor

Matt joined Capital in 2014. He was a senior advisor at McKinsey; a Washington Post columnist and author; host of public radio's "Left, Right & Center" program; and a Clinton White House aide.

Carl Kawaja
Carl Kawaja
Equity Portfolio Manager

Carl has 30 years of investment experience, 25 with Capital. He has covered global household products and U.S. personal care companies. He holds an MBA from Columbia and a history degree from Brown.

Darrell Spence
Darrell Spence
Economist

Darrell has 24 years of investment industry experience, all with Capital Group. He is a CFA and holds a bachelor’s degree in economics from Occidental College, where he graduated cum laude.

Hilda Applbaum
Hilda Applbaum
Equity Portfolio Manager

Hilda has 30 years of investment experience, 22 with Capital Group. She holds a master’s degree in economics from New York University and a bachelor’s degree from Barnard. She is also a CFA.

Andrew Dougherty
Andrew Dougherty
China affairs specialist

Andrew covers China’s economy from Beijing. He has 12 years of investment industry experience, all with Capital. He holds degrees from the University of Cambridge and George Washington University.

Our Legacy

As pioneers in research-driven global investing, Capital Group has spent more than 85 years singularly focused on delivering superior outcomes for investors.


Covering the World

Hailing from more than 50 countries and operating out of offices worldwide, Capital’s 375+ investment professionals represent a diverse and dynamic mix of portfolio managers, investment analysts and economists in everything from taxes to government affairs to accounting. Their mission? Pursuing insights that translate into better investment outcomes. Meet some.

Covering the World

Hailing from more than 50 countries and operating out of offices worldwide, Capital’s 375+ investment professionals represent a diverse and dynamic mix of portfolio managers, investment analysts and economists in everything from taxes to government affairs to accounting. Their mission? Pursuing insights that translate into better investment outcomes. Meet some.

Office: Los Angeles

John Smet

John Smet

Fixed Income Portfolio Manager
Experience: years
Office: Los Angeles

John has 35 years of investment experience, 33 with Capital Group. He has covered mortgage-backed securities and railroads. John holds an MBA in finance from the University of Wisconsin and is a CFA.

Mike Kerr

Mike Kerr

Equity Portfolio Manager
Experience: years
Office: Los Angeles

Mike has 33 years of investment experience, 31 with Capital. Earlier in his career, he covered global oil and gas companies and U.S. multi-utilities as an analyst. He holds an MBA from Harvard.

Ritchie Tuazon

Ritchie Tuazon

Fixed Income Portfolio Manager
Experience: years
Office: Los Angeles

Ritchie has 16 years of investment experience, six with Capital Group. Earlier in his career at Capital, he covered Treasuries and TIPS as an analyst. He holds an MBA from MIT's Sloan School.

Greg Johnson

Greg Johnson

Equity Portfolio Manager
Experience: years
Office: Los Angeles

Greg has 23 years of investment experience, all with Capital Group. He holds an MBA from Columbia Business School and a bachelor’s degree from UCLA.

Darrell Spence

Darrell Spence

Economist
Experience: years
Office: Los Angeles

Darrell has 24 years of investment industry experience, all with Capital Group. He is a CFA and holds a bachelor’s degree in economics from Occidental College, where he graduated cum laude.

Martin Jacobs

Martin Jacobs

Equity Investment Analyst
Experience: years
Office: Los Angeles

Martin covers U.S. industrials, machinery and electrical equipment companies. He has 28 years of investment experience, 16 with Capital. He has an MBA from Wharton and a bachelor's from USC.

Matt Miller

Matt Miller

Policy & Communications Advisor
Experience: years
Office: Los Angeles

Matt joined Capital in 2014. He was a senior advisor at McKinsey; a Washington Post columnist and author; host of public radio's "Left, Right & Center" program; and a Clinton White House aide.

Jody Jonsson

Jody Jonsson

Equity Portfolio Manager
Experience: years
Office: Los Angeles

Jody has 28 years of investment experience, 26 with Capital. She has covered industries such as insurance and household products. She holds an MBA from Stanford Graduate School of Business.

Mark Casey

Mark Casey

Equity Portfolio Manager
Experience: years
Office: San Francisco

Mark has 16 years of investment experience, all with Capital. Based in San Francisco, he covers U.S. internet and document imaging companies. He holds an MBA from Harvard Business School.

Jessica Spaly

Jessica Spaly

Equity Investment Analyst
Experience: years
Office: San Francisco

Jessica covers U.S. retailers. She has 19 years of experience, 13 with Capital Group. Previously, Jessica worked as an analyst at KKR and Morgan Stanley. She holds an MBA from Harvard Business School.

Hilda Applbaum

Hilda Applbaum

Equity Portfolio Manager
Experience: years
Office: San Francisco

Hilda has 30 years of investment experience, 22 with Capital Group. She holds a master’s degree in economics from New York University and a bachelor’s degree from Barnard. She is also a CFA.

Carl Kawaja

Carl Kawaja

Equity Portfolio Manager
Experience: years
Office: San Francisco

Carl has 30 years of investment experience, 25 with Capital. He has covered global household products and U.S. personal care companies. He holds an MBA from Columbia and a history degree from Brown.

Gadi Slade

Gadi Slade

Equity Investment Analyst
Experience: years
Office: New York

Gadi is responsible for European, African and Latin American telecom and real estate companies. He has 16 years of investment experience. Gadi has an MBA from Harvard Business School.

Karen Choi

Karen Choi

Fixed Income Investment Analyst
Experience: years
Office: New York

Karen is responsible for utilities and regional banks. She has 18 years of investment experience, nine with Capital. She earned her bachelor's degree from Wellesley College and is a CFA.

Mark Brett

Mark Brett

Fixed Income Portfolio Manager
Experience: years
Office: London

Mark has 38 years of investment experience, 23 with Capital. Prior to joining Capital, Mark was an economist and strategist with Barclays in London, where he is based.

Nick Grace

Nick Grace

Equity Portfolio Manager
Experience: years
Office: London

Nick has 27 years of investment experience, including 23 at Capital. He was manager of metals research at J.P. Morgan Investment Management and has an MBA from the University of Wisconsin-Madison.

Talha Khan

Talha Khan

Political Economist
Experience: years
Office: London

Talha is responsible for the euro zone and broader political issues. He has eight years' investment experience and a master's in international political economy from the London School of Economics.

Lara Pellini

Lara Pellini

Equity Investment Analyst
Experience: years
Office: London

Lara covers Europe, Eurasian and Latin American retail and luxury goods. She has 15 years' experience and a master's in economics of labor & industrial relations from the London School of Economics.

Georgios Damtsas

Georgios Damtsas

Equity Investment Analyst
Experience: years
Office: Geneva

Georgios researches companies ranging from European food, tobacco and personal care to ad agencies and Indian consumer staples. He has a master's from Cambridge and a bachelor's from the LSE.

Rudolf Staehelin

Rudolf Staehelin

Equity Portfolio Manager
Experience: years
Office: Geneva

Rudolf is Vice Chairman of Capital International Sàrl. He has 37 years of experience, 35 with Capital. He covered European banking, pharmaceuticals and chemicals and has an MBA from Stanford.

Anirudha Dutta

Anirudha Dutta

India Macro Analyst
Experience: years
Office: Mumbai

Anirudha covers broad sector and macro research in India. He has 26 years of experience, a postgraduate diploma from the Xavier School of Management and an engineering degree from IIT, Kharagpur.

Rahul Sadiwala

Rahul Sadiwala

Equity Investment Analyst
Experience: years
Office: Singapore

Rahul has 10 years of investment experience. He covers Asia-Pacific telecom, Indian infrastructure, IT and pharmaceuticals. He holds an MBA from the Wharton School of the University of Pennsylvania.

David Cummins

David Cummins

Equity Investment Analyst
Experience: years
Office: Singapore

David covers Asian internet companies, as well as Australia as a generalist. He has six years of investment experience, two with Capital Group. He holds an MBA from the University of Pennsylvania.

Ken Kojima

Ken Kojima

Equity Investment Analyst
Experience: years
Office: Singapore

Ken covers Asian energy and utilities companies. He has 19 years of investment experience, 12 with Capital. He previously worked at Citibank Japan and holds an MBA from MIT Sloan School of Management.

Jonathan Knowles

Jonathan Knowles

Equity Portfolio Manager
Experience: years
Office: Singapore

Jonathan has 25 years of investment experience, all with Capital. He has an MBA from INSEAD, France, and a PhD in immunovirology from the University of Liverpool, U.K.

Andrew Dougherty

Andrew Dougherty

China affairs specialist
Experience: years
Office: Beijing

Andrew covers China’s economy from Beijing. He has 12 years of investment industry experience, all with Capital. He holds degrees from the University of Cambridge and George Washington University.

Qiuwei Lin

Qiuwei Lin

China Industry Specialist
Experience: years
Office: Beijing

Qiuwei has nine years of experience in investments & business development. She was a center director at International Enterprise Singapore and has a master's in finance from Princeton University.

Susan Dietz-Henderson

Susan Dietz-Henderson

China Affairs Director
Experience: years
Office: Beijing

Susan has 29 years of diplomatic experience and joined Capital nine years ago. She was the Australian Consul-General in Shanghai and has an Asian studies degree from Australian National University.

Seung Kwak

Seung Kwak

Equity Portfolio Manager
Experience: years
Office: Tokyo

Seung has 32 years of investment experience, 14 with Capital. He previously served as Chief Investment Officer-Japan for Zurich Scudder Investments. He has a master's from Yale University.

Akira Horiguchi

Akira Horiguchi

Equity Portfolio Manager
Experience: years
Office: Tokyo

Akira covers Japan as a small- and mid-cap specialist. He has 23 years of investment industry experience, 16 with Capital. He holds a bachelor's degree in economics from Tokyo University.

Stephen Green

Stephen Green

Economist
Experience: years
Office: Hong Kong

Stephen covers Asia from Hong Kong. He has 12 years of investment industry experience, two with Capital. Previously, he was head of research for Greater China at Standard Chartered Bank.

Winnie Kwan

Winnie Kwan

Equity Portfolio Manager
Experience: years
Office: Hong Kong

Winnie has 20 years of investment experience, 17 with Capital. She previously covered Asian small caps & utilities and has a master's in economics from Trinity College at the University of Cambridge.

Sugi Widjaja

Sugi Widjaja

Equity Investment Analyst
Experience: years
Office: Hong Kong

Sugi has research responsibility for Asian internet and small-cap companies. He has 10 years of investment experience, six with capital. He holds an MBA from UC Berkeley's Haas School of Business.

Steve Watson

Steve Watson

Equity Portfolio Manager
Experience: years
Office: Hong Kong

Steve has 29 years of investment experience, 27 with Capital. He has covered Asian property and transportation companies. He has an MBA in finance and an MA in French studies from New York University.

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