The TCW Group has launched the TCW Emerging Markets Multi-Asset Opportunities Fund (TGMAX/TGMEX), which will bet on sovereign and corporate bonds denominated in U.S. dollars, local currency debt and equities.
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.
“This fund will allow investors to capture investment opportunities across the entire emerging markets balance sheet,” stated 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.”
The TCW Group managed some $130.7 billion in assets as of March 31.