Capital Ideas Podcast

Victor Kohn, a trailblazer in emerging markets investing at Capital Group, reflects on his remarkable four-decade career. He recounts his early days analyzing South American markets and the evolution of investment philosophies. Kohn shares his optimistic views on China, emphasizing its transformative economic potential. He also discusses mentorship, the significance of a patient investment approach, and the dynamic shifts in India’s landscape. His personal journey to U.S. citizenship adds depth to his insights, making for a profound discussion.

In this discussion, Jared Franz, a Capital Group economist, teams up with investment director David Polak to dissect the implications of rising tariffs on the U.S. economy. They explore how protectionist policies could create uncertainty, potentially upending a healthy market. The conversation also dives into tariffs as strategic tools in U.S.-China relations and their impact on global trade dynamics. Franz reveals the ripple effects on various sectors and highlights the evolving role of foreign investment in shaping economic policy and job growth.

Julian Gardner, an equity investment analyst at Capital who focuses on software, services, and tech hardware, shares insights on the AI investment landscape. He discusses the critical role of fundamental research amidst the AI hype and contrasts the current cycle with past technology trends. The conversation dives into the AI value chain, highlighting investment layers from semiconductors to applications. Gardner also explores competitive dynamics, the US-China AI arms race, and key players driving innovation in the market.

In this engaging discussion, Brad Freer, an equity portfolio manager at Capital Group with three decades of expertise in emerging markets, dives into the potential of these markets as the decade's breakout star. He shares how evolving tech and social media in these regions present unique investment opportunities. Brad recounts a memorable moment when Prime Minister Narendra Modi retweeted one of his articles, amplifying Capital Group's insights on India. The conversation underscores the value of risk-taking in both investing and life.

Want to learn how some of the best women investors thrive in a competitive industry? In this episode, you’ll hear from five portfolio managers with a combined 155 years of investment industry experience. You’ll hear about habits that help them succeed, why culture matters and finding opportunities during market crises. #CapGroupGlobal   For full disclosures go to capitalgroup.com/global-disclosures   For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you’re based outside of the U.S., visit capitalgroup.com for Capital Group insights.   Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://bit.ly/CG-Gitlin-playlist   This content is published by Capital Client Group, Inc.   U.K. investors can view a glossary of technical terms here: https://bit.ly/49rdcFq   To stay informed, follow us   LinkedIn: https://bit.ly/42uSYbm   YouTube: https://bit.ly/4dFTE1B   Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/   About Capital Group   Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people’s lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.   Learn more: capitalgroup.com   Join us: capitalgroup.com/about-us/careers.html   Copyright ©2025 Capital Group

Todd Saligman, an equity analyst at Capital Group specializing in the cruise line industry, discusses the remarkable recovery of cruise passenger volumes post-pandemic. He highlights the shift in demographics, with younger travelers and families becoming more prevalent. Saligman compares Royal Caribbean and Carnival's strategies, revealing how each brand positions itself in the market. He also explores the economic impact of cruise lines on local communities, showcasing their partnerships and innovative approaches to enhance tourism.

Lara Pellini, a seasoned portfolio manager at Capital Group with over 23 years of experience, emphasizes the need for hands-on research in identifying disruptive business models. She shares insights on navigating sectors like food delivery and fashion, highlighting the critical role of sustainability and adaptability. The conversation also explores innovative opportunities in eyewear technology, the resilience of luxury brands in economic downturns, and the importance of community support in investment journeys.

Dane Mott, a Capital accounting analyst and Ohio native, shares his insights on the transformative effects of artificial intelligence in the American heartland. He discusses the rapid economic evolution in Columbus, driven by significant tech investments and semiconductor manufacturing. Dane also contrasts the financial dynamics of 'A team' and 'B team' companies in the corporate debt market, emphasizing the risks amidst AI advancements. His reflections on market opportunities and early career experiences add a personal touch to the conversation.

Will Robbins, an experienced equity portfolio manager at Capital Group, discusses pragmatic strategies for navigating high market peaks and potential downturns. He emphasizes a disciplined approach to investing and highlights the importance of downside protection. Robbins shares insights on quantitative opportunities in slowing industries and reflects on his early investment experiences, including the impact of banking crises. His views on artificial intelligence and long-term valuation provide valuable guidance for investors seeking stability amid market volatility.

Wesley Phoa is a portfolio manager for the American Funds Target Date Retirement Series® at Capital Group, bringing insights from the front lines of investment amidst global uncertainty. He discusses the dual nature of risk as both a challenge and an opportunity. The importance of scenario planning is emphasized, alongside personal anecdotes from his journey in finance, including how gaming culture intersects with investing. Wesley also explores the booming gaming industry’s impact, highlighting its growing relevance as an investment avenue.