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Gundlach’s DoubleLine Plans Closed-End Version of Shiller Enhanced CAPE Fund: Portfolio Products | ThinkAdvisor

What You Need to Know

  • The forthcoming DoubleLine ETF will use derivatives and direct investments in global debt instruments.
  • Barclays bank launched its second gold-related ETN.
  • Both ETFGM and Direxion introduced 2x leveraged ETFs focused on the travel industry plus more leveraged ETFs.

DoubleLine is planning a closed end version of its DoubleLine Shiller Enhanced CAPE Fund, which tracks economist Robert Shiller’s cyclically adjusted price-to-earnings ratio (CAPE) and seeks additional return from fixed income collateral.

The $9.3 billion four-star-rated mutual fund has returned 12.13% year-to-date through June 18 vs. 10.93% for the S&P 500.

The closed-end version of the fund will have the same name, according to a filing with the Securities and Exchange commission, and it will use a variety of strategies, including derivatives or a combination of derivatives and direct investments, to provide a return before fees and expenses that approximates the return of the Shiller…

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