SOURCE: TCW

TCW

August 30, 2010 18:27 ET

TCW's Sri-Kumar to Host Conference Call Titled "Double Dip is Here"

LOS ANGELES, CA--(Marketwire - August 30, 2010) -  The TCW Group, Inc., invites you to participate in a conference call on Wednesday, September 1, with Komal Sri-Kumar, TCW's Chief Global Strategist and Portfolio Manager of the TCW Asset Allocation Funds. The title of Dr. Sri-Kumar's presentation is "Double Dip is Here!"

Dr. Sri-Kumar, who holds a Ph.D. in economics from Columbia University, has long maintained that the weak labor market -- traditionally considered a lagging economic indicator -- has instead become a leading indicator in the current economic cycle and is now dragging the economy back into recession. "Jobless claims have turned up unexpectedly, and to the highest level in nine months," said Dr. Sri-Kumar. "Numbers for existing and new home sales reported last week indicate housing has also turned down. Finally, second quarter GDP has been revised downward from 2.4% to 1.6%, with the likelihood of negative growth by the final quarter of the year."

Dr. Sri-Kumar has also said he does not believe another round of "quantitative easing" (QE) by the Federal Reserve will revive the economy. "With the public unwilling to spend and banks reluctant to lend, QE will end up merely lowering interest rates further and boosting banks' profitability as they borrow at zero interest and buy Treasury securities," he said. "Where is growth potential in this?"

Dr. Sri-Kumar will discuss possible policy solutions in the U.S., provide his investment outlook and discuss the portfolios of the TCW Asset Allocation Funds. Dr. Sri-Kumar is chairman of the TCW Comprehensive Asset Allocation Committee and is Portfolio Manager of TCW's three risk-targeted asset allocation mutual funds, the TCW Aggressive Allocation Fund, the TCW Moderate Allocation Fund and the TCW Conservative Allocation Fund.

Please dial in 10 minutes before the scheduled start time to register for the call.

Date: Wednesday, September 1, 2010
Time: 1:15 p.m. Pacific Time / 4:15 p.m. Eastern Time

Live Event:

Domestic: (888) 713-4199

International: (617) 213-4861

Confirmation #: 16292396

In addition to the audio-only version of the conference call, TCW offers a live webcast of the call. Please click on the link below to register for the webcast:

Register for the Webcast

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 Funds carefully before investing. The Funds' prospectus and summary prospectus contains this and other information about the Funds. 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.

Contact Information

  • Contact:

    Erin K. Freeman
    Managing Director, Corporate Communications
    (213) 244-0464
    Email Contact