Hi everybody, I'm Nicola Tangan, the CEO of the Norwegian Southern Welfand Fund, and today I'm joined by Mike Gittlin, President and CEO of Capital Group, which is one of the world-largest investment managers with more than 3 trillion in assets.

Now, more importantly, Capital Group has a unique approach to investing owned by its employees. And I kind of

think that you are the gold standard in investing, Mike. So great to have you here. Well, thank

you. We can end it there. No way. No way. Now, Capital Group, you've been around for nearly 100 years.

But for those of the listeners who don't know, what do you do?

So we manage money for people around the world.

And those people may be served by a financial advisor. And they

may be a part of a large-scale institution like a sovereign wealth fund, a defined benefit plan, a

defined contribution plan. So it's both a wealth management business and an institutional business.

But at the end of the day, all of that is managing money for people

at the end of the day. And you run the retirement funds for a lot of people. How many people are you

helping? Well, there's over 20 million families in the US, for example, that owns something that

Capital Group does, whether it's a mutual fund, an ETF, a collective

investment trust, whatever way they consume that service, and globally millions of people as well.

What is it that make you guys unique? I'd say it's two things. Apart from a really great CEO,

of course. Well, geez, we can end there.

So I think two things make us unique.

One is how we manage our business and the other one is how we manage our money.

So in terms of managing our business, we don't have to think about quarterly earnings in the

public space. And we have shareholders internally who understand that we're investing in the business

for the long term.

So the S&P 500 can be down 20%, and we can still invest in that technology project that

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