The TCW Group, Inc., today announced the launch of the TCW LifePlan Fund Series, a group of four asset allocation mutual funds combining the best of the firm's equity and fixed-income investment strategies.
The TCW LifePlan Fund Series offers retail investors various levels of risk and expected return based on individual investment objectives, with the ultimate goal of helping investors effectively meet their long-term financial goals. The asset allocation strategy for each fund will be managed by a team of experienced investment professionals led by TCW Chief Global Strategist Komal Sri-Kumar.
"We have chosen the four funds in the LifePlan series carefully, taking into consideration both the investors' need to plan for their future, as well as TCW's strengths in a variety of investment disciplines " equities and fixed income, domestic and international, Mr. Sri-Kumar said. "We believe investment returns will be increasingly important to Americans as they realize that they are going to live longer than their parents and, at the same time, that Social Security will not adequately meet their needs.
Here is a brief description of the funds that make up the TCW LifePlan Fund Series:
- The TCW LifePlan Conservative Fund (TGPCX) will invest approximately 60% of fund assets in bonds and 40% in equities, although this allocation will vary based on TCW's assessment of market conditions. This fund is appropriate for investors seeking capital preservation with some potential for capital appreciation, and for investors who require current income but can tolerate some market volatility.
- The TCW LifePlan Moderate Fund (TGPMX) will invest approximately 60% of fund assets in equities and 40% in bonds, although this allocation will vary based on TCW's assessment of market conditions. This fund is appropriate for investors seeking modest capital appreciation who also require current income, and for investors seeking long-term capital growth in a context of limited volatility.
- The TCW LifePlan Aggressive Fund (TGPAX) will invest approximately 80% of fund assets in equities and 20% in bonds, although this allocation will vary based on TCW's assessment of market conditions. This fund is appropriate for investors seeking capital appreciation with some downside protection, and for investors seeking long-term capital gains with moderate volatility.
- The TCW LifePlan Global Aggressive Fund (TGPBX) will invest approximately 75% of fund assets in U.S. and international equities and 25% in U.S. and international bonds, although this allocation will vary based on TCW's assessment of market conditions. This fund is appropriate for investors seeking capital appreciation in a context of international exposure, and for investors seeking to diversify U.S. holdings with exposure to non-U.S. Investments.
About Komal Sri-Kumar
Mr. Sri-Kumar is a Managing Director and Chief Global Strategist of The TCW Group. He Chairs TCW's Comprehensive Asset Allocation Committee, which allocates investments across a broad spectrum of TCW strategies based on investor guidelines. Prior to joining TCW in 1990, Mr. Sri-Kumar was Senior Vice President at Drexel Burnham Lambert and Executive Vice President of DBL Americas, responsible for country risk analysis. Before Drexel, he was President of the New York-based Country Risk Consulting Service, which he founded to advise Big Eight accounting firms and investment and commercial banks on Latin American countries' debt service capacity. Mr. Sri-Kumar holds an MA from the Delhi School of Economics, and M.Phil. and PhD degrees from Columbia University.
About TCW
Founded in 1971, The TCW Group develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $145 billion in assets under management. TCW clients include many of the nation's largest corporate and public pension plans, financial institutions, endowments and foundations, as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale Asset Management, which has approximately $460 billion under management and is a division of Société Générale Group.
For information on the TCW Funds, please call 1-800-TCW-FUND (1-800-386-3829) or visit us on the web at www.tcw.com.
You should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. For more complete information about the Fund, including a discussion of investment objectives and policies, risk considerations, charges and operating expenses call (800) 386-3829 for a free Prospectus or you may download the Prospectus from the Fund's website at www.tcw.com. Read it carefully before you invest or send money.