SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

October 18, 2010 12:00 ET

TCW Emerging Markets Income Fund Reaches $1 Billion in Assets

LOS ANGELES, CA--(Marketwire - October 18, 2010) -  The TCW Group, Inc. ("TCW"), an international asset-management firm, today announced that its TCW Emerging Markets Income Fund (NASDAQ: TGEIX) (NASDAQ: TGINX) has reached $1 billion in assets under management for the first time.

The Fund has experienced significant asset growth since mid-December 2009, when veteran TCW portfolio managers Dave Robbins and Penny Foley assumed management of the Fund. The Fund's assets have grown from $150 million to $1.0 billion during that time period.

"This is an important milestone for the Fund, and speaks to the investment opportunities in Emerging Markets," said Robbins. "With growth subdued across the developed world, investors are taking a closer look at Emerging Markets, and we believe the economic and credit fundamentals in those markets are very solid."

"We believe Emerging Markets offer a compelling opportunity right now," said Foley. "The growth rates are stronger, the sovereign balance sheets are better, and the long-term track record of consistent performance is impressive. We're pleased that investors have recognized both the opportunity and TCW's ability to take advantage of it."

"We're gratified at the support investors have shown for this Fund," said Marc I. Stern, Vice Chairman and Chief Executive Officer of The TCW Group. "TCW has long had expertise in Emerging Markets investing, and this milestone is a tribute to the hard work of Dave and Penny and their team."

The Fund has produced strong and consistent performance since its June 1, 1998 inception. The Fund's ten-year returns rank in the top 18% of 41 funds tracked by Morningstar in the Emerging Markets bond category. Its five-year returns rank in the top 1% of 58 funds tracked by Morningstar and its three-year returns place it in the top 1% of 87 funds in the category. Its one-year returns place it in the top 3% of 114 funds in the category. (All rankings quoted are for TGEIX shares as of October 13, 2010 within Morningstar's US OE Emerging Markets Bond category. Rankings are based on total return.)

The TCW Emerging Markets Income Fund invests in sovereign debt of Emerging Markets countries, corporate debt of large firms, and so-called "quasi-sovereign" debt of large, critically important enterprises. The Fund applies a top-down / bottom-up research process to monitor trends in global credit and earnings fundamentals, identify opportunities, and achieve consistent returns over time.

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 $110 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.

Past performance is no guarantee of future results.

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 www.tcw.com. Please read the prospectus carefully before you invest or send money.

A Word about Risk
Bond Funds have the same interest rate, high yield and credit risks associated with the underlying bonds in the portfolio, all of which could reduce the Fund's value. Fund share prices will fluctuate with market conditions, currencies and the economic and political climates where investments are made. Emerging markets securities carry special risks, such as less developed or less efficient trading markets, a lack of company information, and differing auditing and legal standards. The securities markets of emerging markets countries can be extremely volatile.

Contact Information

  • Contact:

    Peter Viles
    Sr. Vice President, Corporate Communications
    (213) 244-0509
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