Gundlach says ‘LQD’ corporate bond fund looks like the most overvalued bond asset because of Fed

Gundlach says ‘LQD’ corporate bond fund looks like the most overvalued bond asset because of Fed

Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016.

David A. Grogan | CNBC

Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic.

“The LQD looks to be about the most overvalued asset in the bond market to…

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