TCW Emerging Markets Local Currency Income benefits from a seasoned team that has put the strategy’s flexibility to good use. Still, as this asset class has grown, this midsized team hasn’t kept pace with adding as many resources as larger peers. This underpins the strategy’s Morningstar Analyst Rating downgrade to Bronze from Silver across its share classes.
Will TGWIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TGWIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TGWIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of TGWIX’s parent organization’s priorities and whether they’re in line with investors’ interests.