Capital Research and Management Company is a privately owned investment manager. The firm provides its services to individuals, investment companies, pooled investment vehicles, corporations, and managed account program. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also manages equity, fixed income, and balanced mutual funds. The firm invests in the public equity and fixed income markets across the globe. For the equity portion of its portfolio, it primarily invests in growth stocks of companies across all market capitalizations. For the fixed income portion of its portfolio, the firm invests in diversified portfolio of investments including U.S. and international fixed-income securities, bonds, loan participations, mortgage-backed securities, and municipal bonds of varying quality and duration. It employs fundamental analysis along with bottom-up stock picking approach to create its portfolios. The firm conducts in-house research to make its investments. It was founded in 1931 and is based in Los Angeles, California with additional offices in Irvine, California; Norfolk, Virginia; Los Angeles, California; San Francisco, California; and Washington, District of Columbia. Capital Research and Management Company operates as a subsidiary of The Capital Group Companies, Inc.