Los Angeles-based TCW Group today said the combined TCW and MetWest mutual fund complex has experienced $4.7 billion in net inflows in 2012.
Specifically, $2.2 billion flowed into the MetWest Total Return Bond Fund, $940 million into the TCW Emerging Markets Income Fund, $800 million into the TCW Total Return Bond Fund (TGLMX/TGMNX), and more than $220 million into both the TCW Select Equities Fund and the TCW Relative Value Large Cap Fund (TGDIX/TGDVX).
All told, total assets under management in its TCW and MetWest-branded mutual funds have surpassed $40 billion. TCW acquired Metropolitan West Asset Management at the end of 2009 and doubled its fund assets to just under $20 billion at the time.
"We're gratified at the continued support from our investors that has helped us reach this milestone. have become recognized over the last several years for delivering strong, consistent results and that recognition is reflected in reaching $40 billion in assets," stated Charles "Chuck" Baldiswieler, chief executive officer of TCW Funds, Inc.
The TCW Group, Inc. was founded in 1971 and manages some $128 billion in assets under management