TCW Group Acquires Engine No. 1's ETF Business | Chief Investment Officer
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
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The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
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TCW Group agreed to buy Engine No. 1's ETF business, enabling it to offer its own ETFs.
Asset management firm TCW Group announced on Tuesday that it’s buying Engine No. 1’s exchange-traded-fund business for undisclosed terms.
ESG funds in the U.S. saw big outflows earlier this year, but more narrowly targeted socially-conscious products are finding traction.