TCW Transform Systems ETF (NETZ)
| Previous close | 70.19 |
| Open | 70.37 |
| Bid | 70.55 x 800 |
| Ask | 70.58 x 1300 |
| Day's range | 70.53 - 70.74 |
| 52-week range | 48.22 - 70.74 |
| Volume | |
| Avg. volume | 14,373 |
| Net assets | 124.89M |
| NAV | 70.14 |
| PE ratio (TTM) | 25.34 |
| Yield | 0.66% |
| YTD daily total return | 23.78% |
| Beta (5Y monthly) | 0.00 |
| Expense ratio (net) | 0.75% |
| Inception date | 2022-02-02 |
- Yahoo Finance Video
ETFs: Energy to become mega theme on rising US grid demands
As the world moves towards renewable energy, simultaneously making massive investments in AI infrastructure which demands a gargantuan amount of power to run, certain investment opportunities should be on the radar for investors for the long term. TCW Senior Portfolio Manager Eli Horton joins Wealth! to give insight into why power and energy ETFs may be a smart play for investor portfolios. "We are really starting to see the beginning of what we consider a mega theme or a transformative investment opportunity in the transformation of our energy system. If you think about it, we are in the very early innings of migrating from using all fossil fuels to 100% renewable power generation, and we are only about 15% of the way there," Horton cements how much of an opportunity these ETFs may be for investors. "There's been a lot of lofty targets that we'll make it by 2050 to a net zero state: We won't. This is a very complex challenge. The world's investing $5 to 6 trillion per year to solve this problem." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Business WireTCW Completes Conversion of Two Mutual Funds to ETFs
LOS ANGELES, May 06, 2024--The TCW Group, a global asset management firm, announced today that it has completed the conversion of two mutual funds into exchange-traded funds (ETFs) – the TCW Artificial Intelligence ETF (AIFD), previously known as the TCW Artificial Intelligence Equity Fund (Ticker: TGFTX), and the TCW Compounders ETF (GRW), previously known as the TCW New America Premier Equities Fund (Ticker: TGUSX).
- Yahoo Finance Video
Why TCW is betting on Engine No. 1's ETF business
TCW is acquiring Engine No. 1’s ETF business, in a deal that is expected to close in the third quarter. Engine No. 1 CEO Jennifer Grancio joined Yahoo Finance Live to discuss the deal and its impact on the company. Grancio says, TCW has "such a strong reputation for investment managers that are great fiduciaries" and "they also run concentrated active portfolios. And so for us, it’s very exciting to move into that larger platform and kind of bring the active ETFs with us."
