Gundlach Says It’s Time to Get Defensive as Rates May Rise
- DoubleLine CIO says rates bottomed in July and are turning up
- His flagship DoubleLine Total Return Fund is up 4% in 2016
Should Markets Brace for Rising Rates Imminently?
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DoubleLine Capital Chief Investment Officer Jeffrey Gundlach said it’s time for fixed-income investors to prepare for rising interest rates and higher inflation by reducing the duration of their positions, moving money into cash and protecting against volatility.
“This is a big, big moment,” Gundlach said during a webcast Thursday. “Interest rates have bottomed. They may not rise in the near term as I’ve talked about for years. But I think it’s the beginning of something and you’re supposed to be defensive.”