October was a good month for both Bill Gross
and Jeff Gundlach
, but it was a bit better for Gross.
Sam Forgione of Reuters reports
that Gross' flagship Pimco Total Return
more than $2.4 billion in inflows last month, compared to $1.9 billion for Gundlach's DoubleLine Total Return Bond
fund, now holding $281 billion of Newport Beach, California-based Pimco's $1.92 trillion in
assets under management, has returned 9.49 percent year-to-date, ahead of 87 percent of
intermediate bond mutual fund peers. Gundlach's flagship, which now holds $35.36 billion of Los
Angeles-based DoubleLine's more than $45 billion in AUM, is up 8.52 percent, ahead of 79
percent of peers.
The wire service notes that U.S. bond mutual funds have brought in a new $238.27 billion of
inflows year-to-date, even as $82.97 billion has net flowed out of equity mutual funds.
also reported on Pimco's October flows; you can read that story here
Neil Anderson, Managing Editor
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