MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 6, 2011 TCW Funds Attract $4.4B Net This Year Even as its courtroom fight with Jeff Gundlach continues, Trust Company of the West (TCW [see profile]) is drawing billions of new dollars into its mutual funds. Chuck Baldiswieler, president and CEO of TCW Funds and a director of the MetWest Funds (TCW acquired Metropolitan West less than two years ago) confirmed that TCW has seen particularly strong flows into two funds: the MetWest Total Return Bond Fund, which crossed the $15 billion mark last month, and the TCW Emerging Markets Income Fund, which boasts almost $3 billion in assets. Year-to-date net inflows into TCW and MetWest funds now total $4.6 billion, TCW spokesman Pete Viles confirmed. "We had a $1 billion allocation from a mutual fund wrap platform" into MetWest Total Return Bond last month, Baldiswieler said. Viles added that the fund is now more than twice its size when TCW acquired MetWest. Meanwhile, the new TCW Emerging Markets Local Currency Income Fund, which launched January 11 of this year, has crossed the $200 million mark. "It's the most success we've ever had for a new product," Baldiswieler said. Thanks to the inflows, Baldiswieler may soon be expanding his distribution team. "We're taking a look at it right now, with an eye towards expansion," Baldiswieler said. Printed from: MFWire.com/story.asp?s=37733 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |