In an interview with ETF Guide, DoubleLine Capital Portfolio Manager Samuel Lau discusses the DoubleLine Commodity Strategy ETF (ticker symbol DFVE). The DoubleLine Commodity Strategy ETF, Mr. Lau notes, benefits from more than a decade of experience at DoubleLine in active investment in commodities. The fund invests in all 24 constituents of the Bloomberg Commodity Index, which DCMT seeks to outperform. Those commodities include energy products, industrial metals, precious metals, agricultural products and livestock. Mr. Lau’s discussion of DCMT also covers: Sources of potential alpha, including the ETF’s creation of commodity exposures consistent with the Barclays Backwardation Tilt Multi-Strategy Index (the “Barclays Index”), overweighting the 10 commodities in the Bloomberg Commodity Index with the highest positive roll yield and contract selection based on carry, seasonality and momentum. Outperformance of the Barclays Index on an absolute basis and risk-adjusted basis vs. Bloomberg Commodity Index.
Mr. Lau joined DoubleLine in 2009. He is a Strategist on the Fixed Income Asset Allocation (FIAA) Committee and a contributing member on the Global Asset Allocation and Macro Committees. Mr. Lau is a Portfolio Manager on DoubleLine’s strategic commodity strategy while working in portfolio management and trading for derivatives-based and multi-asset strategies, including DoubleLine's Shiller Enhanced CAPE®, Shiller Enhanced International CAPE®, Real Estate and Income, and Multi-Asset Trend strategies. He also co-hosts the Sherman Show (Twitter @ShermanShowPod, ShermanShow@Doubleline.com) and Monday Morning Minutes (Twitter @DLineMinutes, Minutes@Doubleline.com) podcasts. Prior to DoubleLine, Mr. Lau was a Vice President at TCW where he worked under Jeffrey Gundlach as a Research Analyst in the Mortgage Group. He holds a B.S. from the University of Wisconsin, Madison and an MBA from the Marshall School of Business at the University of Southern California.
