TCW

What better way to end 2024 than with a POWERful podcast? Listen to TCW Investment Perspectives as our power market experts Nikhil Chopra and Dominic Bea join Dave Vick, CFA to talk about the exploding demand for data centers and power. They also discuss how financing markets can help to meet that demand, creating new opportunities for #credit, #debt and #equity investors. https://tcwgrp.com/7vq6r5

We are proud to share TCW's Information Technology (IT) team has won two American Financial Technology Awards! Our team is being honored for the strategic solutions implemented in operational tech across the firm in 2024 and for our forward-thinking focus on #AI and ongoing regulatory updates. Read more about the WatersTechnology.com #AFTAs and why TCW won: 🏆 Best IT Team (2nd year in a row!)  https://tcwgrp.com/jjmul9 🏆 Best AI/Machine Learning Initiative https://tcwgrp.com/azrlky TCW was also "highly commended" by FinTech Futures at the 2024 Banking Tech Awards for "Team of the Year – Bank/Financial Institution." We are thrilled to be honored in such a competitive landscape and remain committed to enhancing TCW's client solutions as the industry evolves. Please join us in congratulating the team! 👏

We are pleased to unveil our Thematic Outlook for 2025 that identifies three transformative themes that aim to offer significant opportunity for investors: energy transition, supply chain reshoring, and artificial intelligence. The report includes key data that support these themes and underscores our belief that active management can drive significant returns. https://tcwgrp.com/u6s3ic

FED FLASH: As expected, the Federal Reserve cut interest rates by 25 bp today to a range between 4.25% and 4.50%. This preserves the Fed’s ability to respond to incoming data given heightened levels of uncertainty around labor markets, inflation, and growth. The Fed also adjusted the “dot plot” to reflect its expectations of two more 25-bp cuts in 2025, down from four previously.   We continue to believe the Fed will ultimately have to cut more aggressively than widely expected, as rates above 4% are still restrictive and will continue to act as a drag on economic activity and credit creation.    Our view is that labor markets will continue to weaken, with most leading labor indicators (job openings, hiring rates, quit rates, temporary workers, etc.) down substantially from their peaks, suggesting unemployment rates will rise going forward. With inflation also trending lower, we expect the Fed will be forced to lower rates to support a slowing economy and rising unemployment.   Markets currently expect approximately two more 25 bp cuts next year, with a terminal rate around 3.75% by the end of 2025. 

Want to know more about what’s happening in private credit? Listen as Rick Miller, founder and CIO of TCW #PrivateCredit, joins Product Specialist Will Lloyd on the TCW Investment Perspectives Podcast to analyze private credit market dynamics – from the implications of potential tariffs to the prospect for defaults. https://tcwgrp.com/fqi1g9 #DirectLending

We are pleased to announce an expanded partnership with #NipponLife, which intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future. This partnership will further enhance TCW’s ability to deliver solutions for clients across the full spectrum of public and private credit.     Read more about the partnership here: https://tcwgrp.com/uj4pav

This has been a big year for us in collateralized loan obligations! #CLO TCW now manages 13 CLOs, with more than $5.4B of dedicated CLO assets under management. And we recently launched the #ACLO ETF that provides access to the institutional AAA CLO market, backed by 20+ years of experience from our #Securitized #FixedIncome team.   ➡️ Learn more about #ACLO and TCW ETFs: https://tcwgrp.com/ACLO ➡️ More on TCW’s latest CLO close: https://tcwgrp.com/8x6bld

TCW ETFs seek to provide better portfolio outcomes, powered by 50 years of active fixed income cross-sector expertise. Learn more about our actively managed ETFs at tcwgrp.com/ETFs. #ETFs #FixedIncome #ActiveMatters

🎙️ The U.S. Presidential transition has reinforced a market narrative of robust growth, higher inflation, and a more cautious Fed. In this episode of TCW Investment Perspectives, Jerry Cudzil and Jeff Katz analyze fixed income markets following recent policy shifts with host Dave Vick, CFA and disucss TCW's strategic positioning to capture investment opportunities across sectors. Listen ▶️ https://tcwgrp.com/87cx1m

Discover how to navigate current markets with the TCW Fixed Income Guide, which outlines our investment team's market view, positioning, and strategic opportunities across the risk spectrum. #FixedIncome #Securitized #ETFs For more information on TCW ETFs actively managed strategies: etf.tcw.com/