A multinational, publicly traded British bank's team is allying with a $134-billion-AUM (as of December 31), employee-owned fund firm.
| Jeffrey E. Gundlach DoubleLine Capital CEO | |
Today,
Jeffrey Gundlach, CEO of
DoubleLine [
profile], and
C.S. Venkatakrishnan, group chief executive of
Barclays [
profile],
confirm that the two firms have entered into a strategic partnership. Barclays will help Tampa, Florida-based Doubleline with marketing and distribution of Doubleline ETFs, a business line that the Doubleline team
launched earlier this month.
Barclays is a
provider of
ETNs (banking products that are similar to ETFs), and the bank also once owned the
biggest ETF shop in the world before
selling it a dozen years ago. Indeed, Gundlach lauds Barclays as "an early and successful pioneer in the development and distribution of exchange-traded products."
Meanwhile, Barclays and DoubleLine have already been teaming up for years thanks to a common ally:
Robert Shiller. Barclays offers the
Shiller Barclays CAPE Index Family, and DoubleLine offers the
DoubleLine Shiller Enhanced CAPE Fund that combines Shiller's stock investing approach with a DoubleLine active fixed income strategy. And one of DoubleLine's first two ETFs, launched this month, is the DoubleLine Shiller CAPE U.S. Equities ETF.
"The pairing of our complementary skill sets and resources in the ETF space will write, I'm sure, a productive new chapter in our now decade-long collaboration," Gundlach states.
"Through our long-standing partnership with Professor Robert Shiller, these new products will drive further development of the ETF landscape and enable more invesetors to use these products to assist in achieving their financial goals," Venkatakrishnan states. 
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