The team at a $195-billion-AUM (as of December 31) fund firm in Southern California is celebrating the growth of their young ETF business, less than nine months after they launched a new side of it.

Jennifer Lisa Grancio The TCW Group Group Managing Director, Global Head of Distribution

Yesterday, Jennifer Grancio, head of ETFs and global head of distribution at the TCW Group, Inc. [profile], revealed that the Los Angeles-based firm's fixed income ETF business now surpasses $1.2 billion in AUM in their fixed income ETFs, which comprises six active ETFs. When their equity ETFs are added in, TCW has a total of 11 ETFs with $2.6 billion in AUM.

Grancio puts the growth of TCW's fixed income ETFs in the context of the firm's "strong conviction in active management for long-term fixed income" and what they see as "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."

"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," Grancio states. "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."

TCW entered the ETF business in October 2023 by buying a three-fund equity ETF business. They then expanded into the fixed income side of the ETF space in June 2024 when they converted a six-year-old, open-end mutual fund into the TCW Flexible Income ETF (FLXR). FLXR is their flagship fixed income ETF, with about $703 million in AUM as of yesterday (more than double what it had when converted). 

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