On Bloomberg Television’s “Open Interest,” DoubleLine Deputy Chief Investment Officer Jeffrey Sherman on Dec. 13, 2024, discusses (0:02) the DoubleLine Fortune 500 Equal Weight ETF (DFVE), equal-weight versus market-cap investing and the heavy exposure of the S&P 500 to a small number of mega-cap tech stocks at historically high price-to-earnings ratios. Mr. Sherman also details the construction (2:25) of the Barclays Fortune 500 Equal Weighted Total Return Index, which DFVE implements. Importantly, he notes that the index selects securities of approximately 460 companies on an objective, rules-based methodology based on revenue. This distinguishes its components from the S&P 500, whose components are selected by a committee. Founded 15 years ago, DoubleLine, Mr. Sherman notes (4:23), has a 10-year history managing equity strategies.
Jeffrey Sherman, DoubleLine’s Deputy Chief Investment Officer, is a thought leader, portfolio manager and public speaker in the industry. Mr. Sherman is a member of DoubleLine’s Fixed Income and Global Asset Allocation committees, and he serves as lead portfolio manager for the firm’s multi-sector and derivative-based strategies. In his role, Mr. Sherman guides the investment teams in developing top-down macro views and collaborative asset allocation processes throughout a market cycle. Additionally, he is a member of DoubleLine’s Executive Management Committee. In 2018, Money Management Executive named Mr. Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, Mr. Sherman was a Senior Vice President at TCW, where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios. Prior to that, he was a statistics and mathematics instructor at the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the USC/CFALA CFA® Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
