New products and changes introduced over the last week include a commodity fund from DoubleLine and an ETF from Emerging Global Advisors that offers exposure to emerging markets without the inclusion of China or Hong Kong.
Also, Aberdeen Asset Management acquired FLAG Capital Management.
Here are the latest developments of interest to advisors:
1) DoubleLine Adds Commodity Fund
Fixed-income shop DoubleLine has launched the DoubleLine Strategic Commodity Fund (DBCMX, DLCMX); its objective is to seek long-term total return through long exposures to one or more indexes of commodities, and through long and short positions on individual commodities.
The fund family, which is led by Jeffrey Gundlach, expects the new portfolio to gain these exposures primarily through derivatives contracts, securities or other instruments that provide a return tied to a commodities index, a basket of commodities, individual commodities or a combination thereof.
Jeffrey Sherman is the fund’s portfolio manager. He will hold a webcast Sept. 29 to discuss the fund’s objective and investment strategies.