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Monday, July 01, 2013

TCW Launches Latest Emerging Markets Fund

Reported by Nicole Spector

Sprucing up its emerging markets lineup, The TCW Group [profile] today launched the TCW Emerging Markets Multi-Asset Opportunities Fund(TGMAX/TGMEX).

Managed by Dave Robbins and Penny Foley, the new fund will invest in all emerging markets investment opportunities, including sovereign and corporate bonds denominated in U.S. dollars, local currency debt and equities.




Company Press Release

TCW Launches TCW Emerging Markets Multi-Asset Opportunities Fund

Fund expected to invest across 30 to 40 emerging markets countries, ?including a broad range of frontier markets

LOS ANGELES – July 1, 2013 –The TCW Group, a global asset management firm, announced today the launch of the TCW Emerging Markets Multi-Asset Opportunities Fund (TGMAX/TGMEX). The fund expands upon TCW’s strong lineup of emerging markets strategies, leveraging the firm’s expertise in both equities and fixed income.

The TCW Emerging Markets Multi-Asset Opportunities Fund will invest in the full spectrum of emerging markets investment opportunities, including sovereign and corporate bonds denominated in U.S. dollars, local currency debt and equities. The fund is expected to take a broadly diversified approach and will dynamically adjust the weightings between equity and debt. Asset allocation and security selection will be determined using the firm’s robust and long standing top-down, bottom-up emerging markets research process.

The fund is managed by Dave Robbins and Penny Foley, who also manage the $6.6 billion TCW Emerging Markets Income Fund (TGEIX/TGINX), the $403 million TCW Emerging Markets Local Currency Income Fund (TGWIX/TGWNX) and the $492 million TCW Worldwide Opportunities Fund. “It’s hard to find more experienced emerging markets investors than Penny and Dave. They have built an outstanding track record here at TCW across both debt and equity. This new fund provides a unique way for our clients to get exposure to a rapidly growing and increasingly diverse asset class,” said TCW managing director Chuck Baldiswieler, who directs TCW’s retail distribution efforts.

“This fund will allow investors to capture investment opportunities across the entire emerging markets balance sheet,” said Robbins. “The ability to dynamically adjust the mix of equity and debt – and focus on the best ideas in both asset classes – will enable investors to participate in all stages of the development cycle.”

“Through this fund,” said Foley, “we will seek to benefit from the better growth and balance sheet dynamics in emerging markets by using the same total return approach that has been utilized in managing the TCW Worldwide Opportunities Fund, a total return emerging markets strategy with a notable performance record over the past 26 years. The recent market sell-off has generated significant mispricing in emerging markets which, in our view, enhances an already exciting long-term investment opportunity.”

The TCW Emerging Markets Multi-Asset Opportunities Fund is expected to invest across 30 to 40 emerging markets countries, including a broad range of frontier markets.

The TCW Emerging Markets Income Fund maintains a five-star overall rating from Morningstar in the emerging markets bond category. The fund is rated five stars for the three-year and five-year periods and four stars for the 10-year period ending May 31, 2013. 

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