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Since DCPE started trading last week, I have been watching its price movements compared to those of CAPD, which I own. I thought I might be able to discern what the DoubleLine team are doing as opposed to what goes on behind the scenes at Barclays, but that seems to be beyond my ken. I stumbled over the term “index overlay.” I guess that could mean futures. Barclays claims that CAPD has “notional long exposure” to the four undervalued market sectors, whereas DPCE appears to invest directly in four sector ETFs to achieve long exposure.
FWIIW, the week’s performance prize went to CAPD. The DCPE trading volumes were very modest whereas CAPD has attracted healthy volumes. If memory serves, when CAPD first started trading, volumes were anemic and spreads were wide.
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FWIIW, the week’s performance prize went to CAPD. The DCPE trading volumes were very modest whereas CAPD has attracted healthy volumes. If memory serves, when CAPD first started trading, volumes were anemic and spreads were wide.