The global asset manager TCW has now reached a distribution agreement with UniCredit’s subsidiary FinecoBank, aimed at strengthening its presence in Italy.
The agreement, which comes just a few months after the company signed another distribution agreement with CheBanca!, will provide FinecoBank clients access to TCW’s four fixed income flagship Ucits strategies, while offering them the opportunity to invest in absolute return and unconstrained way.
To invest in the US fixed income universe:
- MetWest Total Return Bond Fund, the European version of the US strategy with over $80bn in AUM.
- MetWest Unconstrained Bond Fund, which invests following an investment strategy totally uncorrelated to a benchmark and aims at generating long term positive returns irrespective of market conditions.
To invest in sovereign and corporate EM bonds:
- TCW Emerging Markets Income Fund, which since 1994 applies a strategy aimed at picking the interesting opportunities within an investment universe of more than 60 countries and 400 companies.
- TCW Emerging Markets Local Currency Income, focusing mainly on local currency bonds.
TCW -with over $200bn (€169.68bn) in AUM- entered the Italian market at the end of 2015, at first addressing exclusively institutional investors.
The company also announced today that the Japanese insurer Nippon Life Insurance Company is taking a minority stake in TCW’s capital from Carlyle.