The TCW Emerging Markets Local Currency Income Fund (TGWIX/TGWNX) will invest in emerging markets sovereign and corporate bonds denominated in local currencies.
The TCW Emerging Markets Local Currency Income Fund is expected to own bonds across ten to 25 emerging markets countries and will hedge currencies on an opportunistic basis.
The fund is managed by Dave Robbins and Penny Foley, who also manage the $1.5bn TCW Emerging Markets Income Fund (TGEIX/TGINX).
TCW Funds president and CEO Charles Baldiswieler said the new fund builds on the outstanding track record TCW has established in Emerging Markets investing under Dave and Penny’s leadership, and gives TCW clients a new opportunity to invest in some of the world’s fastest-growing economies.
