TCW Emerging Markets Local Currency Income Fund Q3 2024 Commentary

The TCW Group
28 Followers
(12min)

Summary

  • TCW Emerging Markets Local Currency Income Fund, I Class returned 8.98% for the third quarter of 2024, in line with JP Morgan GBI-EM GD return of 8.99%.
  • Portfolio’s overweight positioning in Indonesia, both on relative and duration basis, helped relative performance as a positive external environment led to the central bank easing monetary policy.
  • Looking ahead, we remain constructive on the outlook for Emerging Markets as most countries continue to gradually adjust towards long term potential growth and inflation targets.

Woman putting coin in the jar with plant

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Performance and Positioning 1

The TCW Emerging Markets Local Currency Income Fund, I Class (“Fund’) returned 8.98% for the third quarter of 2024, in line with the JP Morgan Global Bond Index Emerging Markets Global Diversified (“GBI-EM GD”) return of 8.99%.

This article was written by

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TCW is a leading global asset management firm with more than five decades of investment experience and a broad range of products across fixed income, equities, emerging markets, and alternative investments. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. Note: This account is not managed or monitored by TCW, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use TCW's official channels.

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