DoubleLine has partnered with Professor Robert Shiller to create an equity offering. Can you describe the motivation for the strategy and how the DoubleLine Shiller Enhanced CAPE® Strategy enhances DoubleLine’s current suite of products?
First off, CAPE® stands for Cyclically Adjusted Price-to-Earnings. The DoubleLine Shiller Enhanced CAPE® Strategy extends and complements our current product suite by offering what we believe was a previously unavailable large-cap equity strategy while pairing it with our core competency as fixed income managers.