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Rating:Bond Fund Royalty Are Knocked Down Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 05, 2013

Bond Fund Royalty Are Knocked Down Again

News summary by MFWire's editors

The bond fund king, and more notably, the bond fund prince, are in trouble once again.

The Wall Street Journal's Min Zen writes that DoubleLine [profile] founder Jeffrey Gundlach saw his Total Return Bond Fund suffer outflows of $580 billion in July and his fund posted a net outflow of $1.3 billion this year through the end of last month.

And ah, how quickly the tides turn for Bill Gross, who was reportedly bouncing back from spring outflows just a few days ago, giving investors 0.47 percent in returns. Pimco [profile] Total Return Fund had $7.5 billion in net outflows in July, marking the third straight month of outflows, Zeng writes.

To read more, click here

Edited by: Casey Quinlan


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