Asks if the AI trade is broadening into a rotation.
Romaine Bostick
Jennifer Grancio
Confirms the AI trend is broadening and will play out over decades. Their AI fund is 70% enabling companies (e.g., data center cooling).
Asks if she's comfortable with tech valuations given the sell-off.
Romaine Bostick
Jennifer Grancio
Part of the sell-off is because some names got ahead of themselves. There's a lot of uncertainty. Leaders in a space could go up hundreds of percent, others grow slowly.
Asks about TCW's energy transformation ETF and how it avoids being a niche thematic fund.
Katie Greifeld
Jennifer Grancio
Energy transformation is a huge, broad theme playing out over decades. Investment will scale from $2T to $4-5T annually. The portfolio includes nuclear energy and safety/detection companies.
Asks for her fixed income outlook given dollar strength and interest rates.
Romaine Bostick
Jennifer Grancio
In fixed income, they've shortened to the front end for safety and increased exposure to securitized credit for return.
Asks about demand for corporate vs. government bonds.
Katie Greifeld
Jennifer Grancio
Sees demand for both, but most demand is for securitized credit where there's relative value.