Monday, November 21, 2016

Rober Shiller on DoubleLine Shiller CAPE fund

I am happy to see that the concept of combining the CAPE ratio, to identify undervalued sectors in the large-cap stock universe, with the DoubleLine strategy, to improve fixed income returns, has been such a success since it was launched. It makes sense to include this fund as part of a diversified portfolio, since it is likely to be sufficiently different in its generation of alpha as to augment the portfolio's long-term performance.