Capital Group has added two portfolio managers to the $173.3 billion American Funds EuroPacific Growth fund, according to a filing with the Securities and Exchange Commission (SEC).
Noriko H. Chen and Citywire + rated Gerald Du Manoir will be added to the fund on January 6, joining nine existing portfolio managers.
Chen has been with Capital Group for 21 years, while Du Manoir has been with the firm for 29 years.
A spokeswoman for Capital Group confirmed the manager additions but declined to comment further.
In September, longtime Capital Group portfolio manager Mark Denning left the firm, coming off the EuroPacific Growth fund. His exit came after a BBC Panorama investigation found evidence he privately bought the same shares he bought for his funds for personal benefit.
In October, Morningstar downgraded the fund from gold to silver following Denning’s departure, which it branded a ‘surprise.’
The fund is ranked 25 out of 47 International Large-Cap Growth funds tracked by Citywire for three-year total returns to the end of November. During that time it was up 35.6% compared to the category average, which was up 38%, and the MSCI AC World ex USA NR USD index, which was up 30.4%.
Wilshire adds subadvisors to small-cap fund
Wilshire has added two subadvisors to its $60.4 million Wilshire Small Company Value fund, according to a filing with the SEC.
Diamond Hill Capital Management and Hotchkis & Wiley Capital Management entered a subadvisory agreement with Wilshire on December 24, 2019, according to the filing.
Wilshire, Diamond Hill and Hotchkis & Wiley did not return requests for comment before publication.
In July, Wilshire removed NWQ Investment Management from the fund, leaving Los Angeles Capital Management and Equity Research as the sole subadvisor on the small-cap fund between that removal and these two additions.
The fund is ranked 203 out of 233 Small-Cap Core funds tracked by Citywire for three-year total returns to the end of November. During that time it was up 12.1% compared to the category average, which was up 21.1%, and the Russell 2000 Value TR index, which was up 15.7%.
Franklin Templeton promotes PMs
Franklin Templeton has added portfolio managers to four funds with combined assets under management of more than $6 billion, according to filings with the SEC.
The firm has added Judy Sher to the $2.1 billion Franklin Floating Rate Daily Access fund. Reema Agarwal, Justin Ma and Margaret Chiu are also listed on the fund.
Sher has been with Franklin Templeton since 2013, according to her LinkedIn profile.
Franklin also added Herbert Arnett to the $1.1 billion Templeton Global Balanced fund. Michael Hasenstab and Warren Pustam are also listed on the fund. Arnett joined the firm in 1996.
Heather Arnold and Norman Boersma came off the fund on January 1, ahead of previously reported retirements.
Franklin Templeton has also added Srini Vijay to the $871.4 million Franklin Mutual US Value fund. Grace Hoefig is currently sole manager of the fund.
Vijay joined Franklin in January 2019, after spending 15 years with Neuberger Berman, according to LinkedIn.
Finally, Nicholas Karzon joined the $2.5 billion Franklin Small Cap Value fund, joining Citywire + rated duo Steven Raineri and Christopher Meeker. Karzon has been with the firm for five years, according to LinkedIn.
A Franklin Templeton spokeswoman confirmed the filings but declined to provide additional comment.
