DoubleLine Shiller Enhanced CAPE/CAPE International webcast for the month of April 2018.
TAB I - DoubleLine Shiller Enhanced CAPE® Strategies
What is Double Value?
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
- The DoubleLine Shiller Enhanced CAPE® Strategy creates “Double Value” for investors when combining two unique sources of value:
- The Shiller Barclays CAPE® S. Sector Index attempts to shift portfolio exposures to the “cheapest” sectors of the U.S. large cap equity market
- DoubleLine’s Fixed Income strategy strives to shift its exposures to the “cheapest” sectors of the fixed income
- Both strategies offer a value play in their respective markets, and when combined investors receive “Double ”
DoubleLine Shiller Enhanced CAPE® Structure
- The distinct structure of the DoubleLine Shiller Enhanced CAPE® Strategy allows investors to simultaneously access returns of the equity markets and fixed income By using an equity index swap, $1 invested in the strategy provides approximately $1 of exposure to each market.
What is Double Value?
- The DoubleLine Shiller Enhanced International CAPE® Strategy creates “Double Value” for investors when combining two unique sources of value:
- The Shiller Barclays CAPE® Europe Sector Net Index attempts to shift portfolio exposures to the “cheapest” sectors of the European large and mid cap equity market
- DoubleLine’s Fixed Income strategy strives to shift its exposures to the “cheapest” sectors of the fixed income
- As with the S. version both strategies offer a value play in their respective markets, and when combined investors receive “Double Value.”
DoubleLine Shiller Enhanced International CAPE®
- The distinct structure of the DoubleLine Shiller Enhanced International CAPE® Strategy allows investors to simultaneously access returns of the equity markets and fixed income By using an equity index swap, $1 invested in the strategy provides approximately $1 of exposure to each market.
TAB II - U.S. Equity Earnings
S&P 500 Earnings Estimates
Source: Bloomberg, DoubleLine
EPS: Earning Per Share
TAB III - Smart Beta: Shiller Barclays CAPE® U.S. Sector Index
Shiller Barclays CAPE® U.S. Sector Index
* A portion of the Initial Investment may be pledged as collateral under the swap
See the full PDF below.
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