The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Even Gundlach Now Sees Outflows at DoubleLine Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 05, 2013

Even Gundlach Now Sees Outflows at DoubleLine

News summary by MFWire's editors

We know that the bond fund king is fighting to retain his throne, but now the bond fund prince, Jeffrey Gundlach, is facing troubles of his own. Gundlach, manager of DoubleLine Total Return Bond Fund, saw his fund hit by a 1.22 billion net outflow in June, WSJ's Min Zeng reported. It is the first outflow since the fund's creation in 2010.

It's still a small outflow compared to Pimco[profile] Total Return Bond Fund's almost $10 billion lost in June. The DoubleLine[profile] fund posted a net inflow of 1.88 billion this year through the end of June. Gundlach is also beating the market index, which lost 2.33 percent in contrast to Doubleine's loss of 1,59 percent or Pimco's loss of 3.6 percent.

Gundlach may have avoided Gross' outflows by staying away from the inflation-linked Treasuries, Gross here earlier this year. Gunlach called them a "trap and "a disaster" according to bet on's Margaret Collins and Charles Stein. He is optimistic about the period between now and the end of the year, however, despite bond market panic:

“There’s profits to be made in the bond market tween now and the end of the year,” Gundlach, founder of Los Angeles-based DoubleLine Capital, said in a June 27 webcast for investors.

To read more, click here and here

Edited by: Casey Quinlan

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use