Gundlach Says ‘LQD’ Corporate Bond Fund Looks Like the Most Overvalued Bond Asset Because of Fed(CNBC) Billionaire hedge fund manager Jeffrey Gundlach said Monday 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 me,” Gundlach, CEO of Doubleline Capital, told CNBC’s Scott Wapner on “Halftime Report,” referring to the iShares IBoxx $ Investment Grade Corporate Bond ETF (LQD). “These things are up way off their lows.”