TCW Securitized Opportunities Strategy

Quarterly Commentary

June 30, 2019
Bryan T. Whalen, CFA , Mitch A. Flack , Scott Austin, CFA , Harrison S. Choi

Corporate Securitizations – Evolution or Devolution?

The proverb “Necessity is the mother of invention” rings true in many aspects of life, including the world of finance. As markets change, investor and issuer needs change, and financial instruments must adapt to meet these needs. Often new financial innovations, in addition to the revival of past ones, are a way of addressing these needs. In the securitized universe we have recently seen new asset types developed at an increasing rate especially in the securitization of corporate securities...

To read full commentary please click pdf below.

Media Attachments

Legal Disclosures

For Information Only

This publication is for general information purposes only. Past performance is no guarantee of future results. While the information and statistical data contained herein are based on sources believed to be reliable, we do not represent that it is accurate and should not be relied on as such or be the basis for an investment decision.

Subject to Change

Any opinions expressed are current only as of the time made and are subject to change without notice. TCW assumes no duty to update any such statements. The views expressed herein are solely those of the author and do not represent the views of TCW as a firm or of any other portfolio manager or employee of TCW. Any holdings of a particular company or security discussed herein are under periodic review by the author and are subject to change at any time, without notice. In addition, TCW manages a number of separate strategies and portfolio managers in those strategies may have differing views or analysis with respect to a particular company, security or the economy than the views expressed herein.

Forward Looking Statement

This report may include estimates, projections and other "forward-looking statements." Due to numerous factors, actual events may differ substantially from those presented. TCW assumes no duty to update any such statements.

Not an Offer
This publication is not to be used or considered as an offer to sell, or a solicitation to an offer to buy, any security. Nothing contained herein should be considered a recommendation or advice to purchase or sell any security. TCW, its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which positions may change at any time, without notice.