FMD Capital Management

Posts Tagged: Doubleline

Put TCW’s New Actively Managed Bond ETF On Your Watch List

Written by David Fabian, July 22nd, 2017

I’ve always been a big fan of actively managed bond funds as a way for investors to access risk managed or alpha-generating strategies.  Unlike active stock pickers, the best managers from the likes of PIMCO, DoubleLine, Guggenheim, and Loomis Sayles have proven track records of adding value for their investors versus a passive benchmark.  Fixed-income is still one of those asset classes where sector positioning, duration targeting, and credit selection can make a huge impact on net returns.

Look back through my blog and you will see numerous references to some of my favorite funds like the DoubleLine Total Return Bond Fund (DBLTX) or the PIMCO Income Fund (PONDX).  We have owned both for our clients and in our own accounts for years.  Read more

VIDEO: Closed-End Fund Market Update – Running Hot

Written by David Fabian, February 09th, 2017

This month’s video takes an in-depth look at the closed-end fund marketplace.  Charts include both diversified CEF indexes and single fund names.  Overall the trend remains solid, however we are starting to see stretched premiums and tight discounts across the entire spectrum.  Risk is high and caution should be warranted at this stage of the cycle.  Video recorded after the market close on February 8, 2017.

A log of our previous videos are posted here.

Join our weekly blog roundup of the latest ETF and CEF articles, along with timely market analysis.  Subscribe here.

3 Core Bond ETFs That Are Coping Well With Rising Rates

Written by David Fabian, January 06th, 2017

A reader recently sent me a question asking why you would own a bond fund when interest rates are on the move higher.  This type of sentiment is more than likely on the minds of many investors as they prepare for 2017 and evaluate adjustments to their asset allocation.

The short answer is that every diversified portfolio should have bond exposure to balance out the risk of other asset classes – i.e. stocks and commodities.  Bonds have historically provided a shock absorber for the equity side of the portfolio and have not shown any signs of relinquishing that trait.  Simply letting go of all your bond exposure will unnecessarily tilt your risks and returns towards a single outcome.  Read more

All Your Money At One Fund Company? You May Be Selling Yourself Short

Written by David Fabian, December 01st, 2016

Investors like to stick with what they know and that is often demonstrated in the use of a single fund company for all their wealth.  I see it quite frequently when I review portfolios for prospective clients.  “I’m a Vanguard guy.”  “I love Fidelity funds.”  “All my money is at American Funds or PIMCO or T. Rowe Price.” Read more

RiverNorth and DoubleLine Release New Strategic Bond CEF

Written by David Fabian, October 17th, 2016

The arrival of new strategies within the closed-end fund (CEF) universe is always an interesting event.  There are much fewer new CEFs released on an annual basis than the exchange-traded fund world, which makes this experience more noteworthy. Read more