| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Metropolitan West Asset Management LLC > News item |
MetWest's 'go-anywhere' unconstrained bond fund gives global exposure
By Toni Weeks
San Diego, Oct. 3 - The TCW Group announced that its wholly owned subsidiary, Metropolitan West Asset Management LLC, has launched the MetWest Unconstrained Bond Fund.
According to a press release, the fund is MetWest's first new fund since it was acquired by TCW in December 2009 and is also the company's first fund to offer international fixed-income exposure.
The new fund is a multi-sector fund that will invest across multiple fixed-income sectors, including investment-grade and high-yield corporate bonds and bank loans, mortgage-backed securities and emerging markets debt. Sector allocation will be determined with macroeconomic analysis and research. The overall interest rate risk and duration of the fund will be allowed to fluctuate throughout the business cycle.
Given the current low interest rates, the portfolio managers expect the fund to have limited exposure to U.S. Treasury rates, the release noted.
"In today's low interest rate environment, fixed-income investors may be better served by looking beyond the traditional benchmarks and interest rate-driven sectors," Stephen M. Kane, co-portfolio manager and a TCW managing director, said in the release. "We believe the challenging global economic environment creates unique and attractive opportunities for a go-anywhere fund that is not tied to a specific benchmark."
Along with Kane, the fund will be co-managed by Tad Rivelle, TCW's chief investment officer for fixed income, and Laird Landmann. Rivelle is also portfolio manager of the TCW Total Return Bond Fund, and Kane and Landmann are portfolio managers of the MetWest High Yield Bond Fund.
MetWest, based in Los Angeles, is an investment manager. The MetWest funds are distributed by BNY Mellon Distributors Inc.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.