TCW Launches Emerging Markets Equity Fund

TCW White Oak Emerging Markets Equity Fund Managed by Leading EM Investment Team

LOS ANGELES--(BUSINESS WIRE)--The TCW Group, Inc., a leading global asset management firm, today announced that it has launched the TCW White Oak Emerging Markets Equity Fund (TWOEX/ TWEMX). The Fund is an actively-managed mutual fund that seeks to provide long-term capital appreciation by investing in a broad range of equity securities from emerging market economies.

The TCW White Oak Emerging Markets Equity Fund is sub-advised by White Oak Capital Partners Pte. Together with its affiliates, White Oak group is an $9.4 billion¹ investment management firm with operations across India, Singapore, Mauritius, UAE, Spain, the UK and Switzerland. White Oak was founded in 2017 by Prashant Khemka, who previously served as Chief Investment Officer for Emerging Markets Equity at Goldman Sachs Asset Management. The White Oak investment team brings decades of successful emerging markets equity expertise grounded in deep fundamental research and a highly disciplined investment process.

“The TCW White Oak Emerging Markets Equity Fund is an exciting addition to TCW’s lineup of investment capabilities and a natural complement to TCW’s best-in-class public equities and emerging markets debt strategies,” said Melissa Stolfi, Global Chief Operating Officer for TCW. “TCW and White Oak have built a strong partnership based on our shared investment approach and investment-led cultures, and we look forward to bringing White Oak’s industry-leading emerging markets expertise to our clients.”

The TCW White Oak Emerging Markets Equity Fund invests primarily in a broad opportunity set of emerging markets stocks that extends beyond traditional large cap companies to include small and mid-caps, which can offer greater potential for alpha generation. The Fund is managed by Prashant Khemka, Manoj Garg and Wen Loong Lim.

“Investors increasingly look across the globe for opportunities to provide both superior returns and diversification,” said Prashant Khemka. “Emerging markets provide a fertile hunting ground for alpha generation via bottom up stock selection amid a backdrop of favorable demographics, a rising share of global growth and a diverse opportunity set.”

Additional information about the Fund can be found at www.tcw.com.

Portfolio Manager Biographies:

Prashant Khemka, CFA

Prashant Khemka founded White Oak Capital Partners Pte. in June 2017. Prior to this he was the CIO and lead portfolio manager of GS India Equity at Goldman Sachs Asset Management (GSAM) during March 2007 to March 2017, and also for the Global Emerging Markets (GEM) Equity during June 2013 to March 2017. As lead PM, he managed all mutual funds and separate accounts under these strategies.

Prashant started his professional investing career in 1998 at SSGA in Boston as senior portfolio officer of Enhanced International equity in the quant group. He started his career at GSAM in 2000 as a research analyst in US Growth Equity, and by 2004 he rose to become Senior Portfolio Manager and Co-Chair of the Investment Committee.

Prashant returned to Mumbai in 2006 to start GSAM India business and served as the CIO and CEO/Co-CEO of their domestic Asset Management Company. In 2013, in addition to India he was also made the CIO and lead PM of GEM equity. He won several accolades as the CIO and Lead PM of GS India Equity. He and his fund won several awards including AAA rating from Citywire and Elite rating from Fund caliber among others.

Prashant graduated with honors from Mumbai University with a BE in Mechanical Engineering and earned an MBA in Finance from Vanderbilt University, where he received the Matt Wigginton Leadership Award for outstanding performance in Finance. He was awarded the CFA designation in 2001 and is a fellow of the Ananta Aspen Centre, India.

Manoj Garg

Manoj Garg is responsible for covering the pharma, specialty chemicals, and auto sectors. Before joining White Oak in 2017, he built a strong track record in equity research in healthcare and pharmaceuticals sector, working as a lead analyst at a number of leading brokerage houses in India. Most recently, he was with Merrill Lynch, where he was highly rated by external as well as internal clients. He received the highest votes for the multinational brokerage house in India during 2015-17. He was also ranked #1/#2 in the prestigious All Asia Institutional Survey 2015/2016 in the Healthcare category. He began his career in the pharmaceutical industry.

Wen Loong Lim

Wen Loong Lim currently covers semiconductors and tech hardware at White Oak. His previous position prior to joining White Oak in 2022 was with Maitri Asset Management as a Senior Equity Analyst. He started his career at M&G Investments in London where he spent seven years on the Global Emerging Markets team. He was a generalist across sectors and geographies but developed a deep understanding of the tech and industrial sectors, particularly in North Asia. During his time at M&G, he developed from an analyst to a deputy fund manager and finally to managing M&G’s China Strategy before leaving the company to return to Singapore. He earned a BSc in Philosophy, Politics, and Economics (Economics major) at the University of Warwick. He is a CFA charterholder.

About The TCW Group

TCW is a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets with over half a century of investment experience. Through its ETFs, TCW MetWest Funds, and TCW Funds, TCW manages one of the largest fund complexes in the U.S. 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. For more information, please visit www.tcw.com.

You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A Fund’s Prospectus and Summary Prospectus contain this and other information about the Fund. To receive a Prospectus, please call 877-829-4768 or you may download the Prospectus from the Funds’ website at TCW.com. Please read it carefully. Past performance is no guarantee of future results.

This fund is new. A new fund’s performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new funds may not attract sufficient assets to achieve investment and trading efficiencies.

Equity investments entail equity risk and price volatility risk. The value of stocks and other equity securities will change based on changes in a company’s financial condition and in overall market and economic conditions. Funds investing in mid and small cap companies involve special risks including higher volatility and lower liquidity. Fund share prices and returns will fluctuate with market conditions, currencies, and the economic and political climates where the investments are made.

Emerging markets securities carry special risks, such as less developed or less efficient trading markets, a lack of company information, and differing auditing and legal standards. The securities markets of emerging markets countries can be extremely volatile. The Fund’s investments denominated in foreign currencies will decline in value if the foreign currency declines in value relative to the U.S. dollar. The Fund may use leverage to increase its net income, but these activities entail the risk that under certain market conditions the cost of leverage could exceed the return of the fund, reducing returns to shareholders. The use of leverage may cause a Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet segregation requirements. This may cause a Fund to be more volatile, which may increase the risk of investment loss.

This material is for general information purposes only. There can be no assurance that the objectives and/or trends will come to pass or be maintained. This material may include estimates, projections and other “forward-looking” statements. Actual events may differ substantially from those presented. TCW assumes no duty to update any such statements. Projections are based on current asset prices and are subject to change. All information is as of the date of this presentation unless otherwise indicated. The processes described herein are illustrative only and subject to adaptation in any particular context. This material reflects the current opinions of the author but not necessarily those of TCW and such opinions are subject to change without notice. TCW, its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which positions may change at any time, without notice.

The TCW Funds are distributed by TCW Funds Distributors LLC

TCW Investment Company LLC is the investment advisor to the Fund. White Oak Capital Partners Pte. Ltd. is the subadvisor to the Fund.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

¹ As of December 31, 2024, includes assets under management and other client assets for which White Oak does not have full discretion.