The TCW Group, a leading global asset manager, announced that its recently-launched fixed income ETF platform now manages in excess of $1.2 billion in assets. TCW is known in the industry for excellence in both the public and private segments of fixed income, and now offers six actively managed fixed income ETFs to deliver its expertise to a wider range of investors.

TCW entered the ETF business in late 2023 with the acquisition of Engine No. 1’s ETF business which comprised three equity ETFs as well as the capabilities and infrastructure to develop and manage ETFs across asset classes. TCW has rapidly become a leading provider of active ETFs with $2.6B in total assets across equities and fixed income.

“At TCW, we have strong conviction in active management for long-term fixed income and are seeing growing demand for active fixed income ETFs from investors ranging from insurers to corporates as well as all segments of the wealth market to meet portfolio allocation targets, manage risk and deliver yield,” said Jennifer Grancio, TCW Head of ETFs and Global Head of Distribution. “We have developed a lineup of fixed income ETFs designed for both return and high-quality income generation grounded in TCW’s decades of fixed income expertise.”

TCW launched its actively managed fixed income ETF business in mid-2024 with the TCW Flexible Income ETF (FLXR), which was a conversion from a longstanding TCW mutual fund. FLXR is a multi-sector bond fund with strong performance and yield that can work as a core total-return holding that generates income. FLXR holds a four-star rating from Morningstar¹ and is priced competitively at 40 basis points. As of February 28, 2024, FLXR’s 12-month yield is 6.20% and its 30-day SEC yield is 5.79%¹. FLXR’s assets have more than doubled since launch.

In addition to FLXR, the firm manages the TCW AAA CLO ETF (ACLO), TCW Corporate Bond ETF (IGCB), TCW High Yield Bond ETF (HYBX), TCW Multisector Credit Income ETF (MUSE), and TCW Senior Loan ETF (SLNZ). TCW’s offering is designed to provide investors access to the range of sectors within fixed income.

“We expect to see explosive growth in fixed income ETFs over the coming years, and TCW is well-positioned to significantly build our franchise and launch exciting new products to address investor needs,” continued Grancio.

Source: The TCW Group