DoubleLine Portfolio Manager Samuel Lau looks at the state of commodities in this webcast and the dynamics that could make the asset class a positive addition to one’s portfolio going forward. Mr. Lau breaks his review into four categories: adding diversification to a portfolio of traditional financial assets (2:31), commodities’ value as an inflation hedge (5:53), the drivers of supply and demand that could lead to positive performance in 2023 for commodities (10:14) and how the continued shift toward clean energy will benefit the asset class in the longer term (23:45). For those still on the sidelines when it comes to commodities, Mr. Lau notes that the recent drop in performance due to macro headwinds, including prospects of a slowing economy, could provide an attractive entry point for investors. This webcast was recorded Feb. 21, 2023.
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.
