Monday, 27 June 2016
Last updated 49 min ago
Aug 20 2013 | 11:29am ET
Hedge fund manager DoubleLine Capital is adding to its mutual-fund lineup with a new vehicle tied to the Shiller Barclays CAPE Index.
The DoubleLine Shiller Enhanced Fund will seek to track the value of stocks by investing in derivatives tied to the index, which aims to track undervalued sectors of the stock market. It will also invest in bonds.
The new fund will be managed by DoubleLine founder Jeffrey Gundlach and portfolio manager Jeffrey Sherman.