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Rating:Bond Kings Endure More June Losses Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 27, 2013

Bond Kings Endure More June Losses

News summary by MFWire's editors

The Pimco[profile] Total Return Bond Fund has lost 3.65 percent in June, making it the 12th worst performer in the pool of 177 similar bond funds tracked by Lipper, Barrons's Michael Aneiro. Investors pulled $1.32 billion in May, the fund's first outflow since 2011. Pimco Investment Grade Corporate Bond Fund lost 4.48 percent in June through the 24th. It has lost the most among intermediate-grade bond funds.

The bond funds tracked by Lipperhave posted an average loss of 2.65 percent in June and down an average of 4.29 percent since late April. In the past Pimco Total Return Fund has the highest performance ratting from Morningstar but its NAV is down 4.57 percent year-to-date, To read more, click here and here.

DoubleLine's Jeffrey Gundlach also joined the spin control squad. His efforts to bail out the bond ship have been covered by Bloomberg and the Wall Street Journal

Edited by: Casey Quinlan

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