The DoubleLine Multi-Asset Growth (MAG) Strategy continues to favor equities in developed markets (DM) over those in emerging markets (EM) as global growth comes into question and external funding pressures continue to weigh on select EM countries. Economic data from the U.S. in the coming weeks should set the tone for equity performance with the caveat that the Federal Reserve continues to taper. The MAG Strategy is positioned for a more challenging environment where global equities could experience higher volatility. Among DM, Japan remains a key part of the Strategy as extremely accommodative monetary policy from the Bank of Japan continues to favor a weakening Yen and higher asset prices.
An allocation to fixed income remains a core component of the MAG Strategy as attractive value can still be found in non-Agency MBS and other lower duration securities. The strategy has also made several tactical allocations and maintains exposure in agricultural commodity futures.
DoubleLine Videos (12/2013)
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02-12-14 "Gundlach: QE will not end in 2014"
02-12-14 "Gundlach: Market has discounted tapering" http://video.cnbc.com/gallery/?video=3000245506
Information presented was current as of the date the material was prepared by an outside party. DoubleLine assumes no duty to update this information.
Documents and Commentary
Tuesday, January 8, 2013
Jeffrey Gundlach "2013 Market Outlook: Year of the Snake"
Click here for Webcast Recap (pdf)