Gundlach’s DoubleLine Launches Real Estate and Mortgage ETFs at Tricky Time
- DCMB will track commercial real estate; DMBS targets mortgages
- Launching an ETF in a rough patch gives fund ‘room to run’: BI
Jeffrey Gundlach
Photographer: Alex Flynn/BloombergThis article is for subscribers only.
DoubleLine Capital LP’s next pair of exchange-traded funds are setting sail into a rocky real estate market.
The DoubleLine Commercial Real Estate ETF (ticker DCMB) and the DoubleLine Mortgage ETF (DMBS) launched Tuesday, according to a press release. DCMB invests in investment-grade commercial mortgage-backed securities, while DMBS — whose management team includes DoubleLine founder Jeffrey Gundlach — holds high-quality residential mortgage-backed securities.