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.
As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. Mr. Sherman is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. He can be heard regularly on his podcast “The Sherman Show” (Twitter @ShermanShowPod, ShermanShow@Doubleline.com) where he interviews distinguished guests, giving listeners insight into DoubleLine’s current views. In 2018, Money Management Executive named Jeffrey 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. He was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the CFA LA/USC 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 the Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
