DoubleLine’s Gundlach Recommends Betting Against Housing
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Jeffrey Gundlach, manager of the DoubleLine Total Return Bond Fund, recommended betting against an exchange-traded fund that tracks an index of homebuilders because declining affordability will reduce housing demand.
Gundlach, chief executive officer of Los Angeles-based DoubleLine Capital LP, recommended shorting the SPDR S&P Homebuilders ETF, he said today at the 19th Annual Sohn Investment Conference in New York.