Active managers in fixed income, as reported in the S&P Global SPIVA Scorecard, have a superior track record in outperforming markets versus their counterparts in active equities investment. “An edge in fixed income,” DoubleLine Deputy Chief Investment Officer Jeffrey Sherman writes, “has rarely been more critical than today.” In addition to risks and opportunities unfolding over interest-rate, credit and inflation cycles, Mr. Sherman notes that fiscal imbalances of sovereign debt issuers, including the U.S. Treasury, complicate the case for passive allocations to traditional safe haven assets. Fortunately, DoubleLine ETFs offer active alternatives to “naïve indexation” in fixed income.
“DoubleLine’s suite of exchange-traded funds includes five actively managed fixed-income ETFs,” Jeffrey Sherman writes in the accompanying presentation. “I believe a combination of these can help achieve robust, diversified structured-product and corporate-credit exposures designed to meet the traditional goals of generating income and offsetting equity and high yield risk while managing government securities exposure with a weather eye to sovereign issuers’ fiscal and monetary trajectories.”
DoubleLine’s active fixed income ETFs offer asset allocators the choice between a turnkey approach to the broad fixed-income universe (DBND) or ETFs targeting specific markets (DMBS, DCRE, DABS, DMX). All are managed by seasoned investment teams in securitized credit, corporate credit, U.S. government securities, government-guaranteed securities and international debt.
