DoubleLine’s Gundlach: European, EM equities more attractive than U.S.

May 10, 2017 By Jennifer Ablan NEW YORK (Reuters) – European and emerging markets equities are more attractive than U.S. equities, and volatility in stock markets is “insanely low,” influential investor and head of DoubleLine Capital Jeffrey Gundlach told Reuters on Wednesday. Gundlach, who oversees more than $100 billion at DoubleLine, and is known as the “Bond King” on Wall Street, said Europe and emerging markets are “significantly cheaper” on a cyclically adjusted price-to-earnings ratio and price-to-book basis. “I’d rather much be overseas than in U.S,” Gundlach said in an…

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