ETFs
Ropes & Gray advises TCW on the conversion of two mutual funds into ETFs | News and events
Ropes & Gray acted as special advisor to TCW ETF Trust (the “Trust”) in connection with the conversion of two mutual funds into new series of the Trust. The conversions of the TCW Artificial Intelligence Equity Fund and the TCW New America Premier Equities Fund, each a series of the TCW Funds, Inc., into the TCW Artificial Intelligence ETF and the TCW Compounders ETF, respectively, each a series of the Trust , were closed on May 6 and were announced in a press release. Press release.
The conversions expand TCW Group’s range of actively managed exchange-traded funds and follow its recent acquisition of Engine No. 1’s ETF business in October 2023. Ropes & Gray represented Engine No. 1’s ETF business in connection with its sale to TCW.
The team was led by Asset Management Associate Brian McCabe and included asset management advice Yana Guss and associates in asset management Keith MacLeod, Ali Olia, Nathan McGuire And Kelsey Barrett.