Capital Group’s Gitlin Says Better Valuations Seen Away From US

Capital Group CEO Mike Gitlin said investors are eyeing diversification away from the US given the compelling opportunities elsewhere, and the risks stemming from geopolitics and supply-chain disruptions.

“While US comprises 70% of the MSCI All World Index, our investors are seeing plenty of opportunity outside America,” Gitlin said in a speech in Seoul. “We’re seeing better valuations, yield opportunities, diversified revenues.”