SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

December 01, 2011 08:00 ET

TCW Caps Strong Year for Inflows With Launch of Global Bond Fund

LOS ANGELES, CA--(Marketwire - Dec 1, 2011) - The TCW Group (TCW), an international asset-management firm, is pleased to introduce the TCW Global Bond Fund, the newest addition to a TCW-MetWest fund complex that has attracted $7 billion in net inflows year-to-date.

The combined inflows make TCW the 12th fastest growing fund company in 2011, according to a recent report from Strategic Insight. The firm's mutual fund assets have grown almost 30% this year and have more than tripled, to $33 billion, in less than two years.

"Investors have sought out bond funds in 2011 and our expertise across U.S. and emerging markets fixed income asset classes has been recognized and reflected in our strong inflows," said Charles "Chuck" Baldiswieler, President and Chief Executive Officer of TCW Funds, Inc. "The new TCW Global Bond Fund offers investors the broadest possible option to tap our fixed income expertise."

The MetWest Total Return Bond Fund has led the strong inflows, attracting over $4.8 billion in new assets year-to-date, while the TCW Emerging Markets Income Fund has attracted over $1.35 billion in new assets. Both are rated 5 stars by Morningstar for long-term performance.

Portfolio managers from both funds will lead the TCW Global Bond Fund, the first TCW mutual fund to invest in both U.S. and international fixed income securities in the same portfolio. Tad Rivelle, TCW's chief investment officer for fixed income, and Stephen Kane will co-manage the Fund with David Robbins, portfolio manager of the TCW Emerging Markets Income Fund.

The TCW Global Bond Fund will invest in fixed income securities across all the major currencies and regions of the world as represented by the Barclays Capital Global Aggregate Index. The Fund is expected to take a broadly diversified approach that combines both top down and bottom up strategies. The Fund will take advantage of TCW's experience in the corporate and structured sectors of the U.S. market and in the emerging markets while also providing exposure to bonds in the major developed markets outside the U.S.

"We see the Global Bond Fund leveraging the core strength of TCW fixed income, which is our fundamental research capability," said Kane. "Some global bond funds are macro-oriented but this Fund will be more micro, bottom-up oriented and find opportunity through credit research."

The TCW Emerging Markets Income Fund maintains an overall 5-star rating as of October 31, 2011 out of 95 funds in Morningstar's Emerging Markets Bond category while the MetWest Total Return Bond Fund maintains an overall 5-star rating as of October 31, 2011 out of 1,025 funds in Morningstar's Intermediate Bond category.

About TCW Funds
TCW Funds, Inc. is an open-end investment company, consisting of 23 separate mutual funds sold primarily to individual investors and retirement plans.

About TCW
Founded in 1971, The TCW Group, Inc., develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $118 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale. For more information, please refer to www.tcw.com.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for a variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

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Obtain a Prospectus
You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Fund's prospectus and summary prospectus contains this and other information about the Fund. You may download the prospectus from the Fund's website at tcw.com. Please read the prospectus carefully before you invest or send money.

The TCW Funds are distributed by TCW Funds Distributors.

A Word About Risk
The Fund invests in below investment grade bonds and may be less liquid and subject to greater volatility. The Fund is subject to the same risks as the underlying bonds in the portfolio such as credit, prepayment, call and interest rate risk. As interest rates rise the value of bond prices will decline. The Fund may also invest in more aggressive investments such as foreign securities which may expose the fund to currency and exchange rate fluctuations as well as derivatives. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and reduce its returns.

Contact Information

  • Contact:
    Peter Viles
    Managing Director, Corporate Communications
    (213) 244-0509
    peter.viles@tcw.com