Slides from DoubleLine Total Return Fund webcast hosted by Jeffrey Gundlach for the month of June 2019, titled, “YouTube University.”
Q1 hedge fund letters, conference, scoops etc
Deutsche Bank (DB)
Past performance does not guarantee future results.
Doubleline Total Return Bond Fund owns 0% Deutsche Bank stock as of June 13, 2019.
Past performance does not guarantee future results.
Doubleline Total Return Bond Fund owns 0% Deutsche Bank stock as of June 13, 2019.
German 10‐Year Yield (All Time Low)
Source: DoubleLine, Bloomberg
SMAV = Moving Average (200 day)
Euro Area New Export Orders
As of May 31, 2019
PMI = Purchase Managers Index is an index summarizing economic activity. You cannot invest directly in an index.
Korean Stock Exchange Index
Past performance does not guarantee future results.
KOSPI Index is a cap‐weighted index of all common shares on the KRX main board. You cannot invest directly in an index.
Global Trade
As of May 18, 2019
UNCTAD = United Nations Conference on Trade and Development. WTO = World Trade Organization.
STEM Graduates by Country
STEM = Science, Technology, Engineering and Mathematics.
Current vs. Previous Economic Expansions
Source: DoubleLine, Bloomberg
GDP = Gross Domestic Product is the amount of goods and services produced within a given region/country.
U.S. Conference Board Leading Economic Indicator
Source: Bloomberg, DoubleLine
Conference Board US Leading Index Leading indicators include economic variables that tend to move before changes in the overall economy including average workweek, production, jobless claims, new
order manufacturing, build permits, S&P 500 stock index, leading credit index, average consumer expectations, etc. You cannot invest directly in an index.
Economic Data Change: U.S., Global, Europe, and EM
Source: DoubleLine, Citibank, Bloomberg
Citi Economic Data Change Index ‐ Measure data releases relative to their 1‐year history. A positive reading means that data releases have been stronger than their 1‐year average, and a negative reading means that data releases have been worse than their 1‐year average. You cannot invest directly in an index.
U.S. Conference Board Consumer Expectations Less Current Situation
Source: Bloomberg, DoubleLine
Conference Board US Leading Index Leading indicators include economic variables that tend to move before changes in the overall economy including average workweek, production, jobless claims, new order manufacturing, build permits, S&P 500 stock index, leading credit index, average consumer expectations, etc. You cannot invest directly in an index.
See the full slides below.
