TCW Completes Conversion of Flexible Income Mutual Fund to ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: Newsfilter
- TCW Group Expansion: TCW Group converted MetWest Flexible Income Fund into an ETF called TCW Flexible Income ETF (FLXR) for consistent income-seeking investors.
- FLXR Features: FLXR is actively managed, offering flexibility to invest across sectors based on market conditions and addressing the need for generating stable income amidst inflation concerns.
- TCW's ETF Suite: FLXR joins TCW's suite of actively managed ETFs like Transform Systems, Transform Supply Chain, Artificial Intelligence, Compounders, and Transform 500 ETFs.
- About TCW Group: TCW is a global asset management firm with a wide range of products managing around $200 billion in client assets, including ETFs, MetWest Funds, and TCW Funds.
- Important Information: Investors are advised to carefully consider the fund's objectives, risks, charges, and expenses before investing in any ETF.
Analyst Views on FLXR
Wall Street analysts forecast FLXR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLXR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.700
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Current: 39.700
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
