TCW Emerging Markets Income Fund Q2 2024 Commentary [Seeking Alpha]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Seeking Alpha
Follow Summary The TCW Emerging Markets Income Fund outperformed the JP Morgan EMBI Global Diversified index in Q2 2024, driven by high yield and corporate exposure. High yield sovereigns outperformed investment grade due to macro stability, fiscal consolidation, and financial support, though this trend began to stall later in the period. Key country contributors included Venezuela, Brazil, Mexico, Lebanon, and Zambia, while EMFX exposure and positions in Nigeria and Gabon hurt performance. We emphasize improving fiscal dynamics, demographic tailwinds, and commodity demand, anticipating returns driven by carry and lower U.S. rates, with limited spread compression. cemagraphics Performance and Positioning The TCW Emerging Markets Income Fund, I Class ( MUTF: TGEIX , "Fund") returned 0.45% for the second quarter of 2024, outperforming the JP Morgan EMBI Global Diversified (EMBI GD) return of 0.30% by 15bps. Relative outperformance for the quarter was driven by securit
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- Panama Eyes Export of First Quantum's Stockpiled Copper [Yahoo! Finance Canada]Yahoo! Finance Canada
- U.S. crude oil posts weekly loss as Saudi supplies look set to return [MSNBC.com]MSNBC.com
- Panama Sees Exports of Stockpiled First Quantum Copper as Viable [BNN Bloomberg (Canada)]BNN Bloomberg
- Pemex Bonds Jump as JPMorgan Says Buy Ahead of Possible Upgrade [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada's High-Yield Bond Market Is Suddenly the Hottest in Years [Yahoo! Finance Canada]Yahoo! Finance Canada
SPGI
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- 7/30/24 - Beat
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- 8/9/24 - Form 4
- 8/9/24 - Form 4
- 8/7/24 - Form 144
- SPGI's page on the SEC website