Manager of the TCW, MetWest, and TCW Alternative Fund Families INSIGHT VIEWPOINT Understanding China’s New Currency Policy DAVID LOEVINGER | FEBRUARY 8, 2016 This year, concerns about China – ranging from growth prospects, to policy missteps, to currency depreciation, to bad communications – have rattled markets. Many investors continue to worry that China will...

April 2015 THE INVESTOR NAVIGATING THE CREDIT MARKETS Preparing for Liftoff Nearly a decade has passed since the Federal Reserve last embarked on a tightening cycle, and the potential implications of the next cycle are a focus for capital markets. In this commentary, we reflect on Rate Guideposts previous cycles, and discuss the potential path on the next round of Taylor rule currently...

Trading Forex What Investors Need to Know National Futures Association is a congressionally authorized self-regulatory organization of the United States futures industry. Its mission is to provide innovative regulatory programs and services that protect investors and ensure market integrity. NFA has prepared this booklet as part of its continuing public education efforts to provide information...

Economic Update THOUGHTS FROM OUR ECONOMICS TEAM AUGUST 11, 2015 Currencies Are Global, Monetary Policy Is Local: The US Dollar and the Chinese Yuan The price of oil fell 56% in the last year. One-year Treasury yields rose to their highest levels since 2010. And today the Chinese central bank oversaw a 2% drop in value of its currency. What do all of these developments have in common? They are...