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Tuesday, December 10, 2013

WSJ Spotlights the Next Bond Market King

News summary by MFWire's editors

The Wall Street Journal sees a new star bond fund PM rising.

Maureen Farrell of the WSJ calls Scott Minerd, global chief investment officer of Guggenheim [profile], the "smallest of the so-called bond market kings." The paper notes that Minerd's "five main taxable bond funds" have returned two to eight percent year-to-date, while bond fund guru's Bill Gross's flagship fund is down year-to-date. (The WSJ also lists Jeff Gundlach as being down year-to-date: though his DoubleLine Core Fixed Income Fund was down 0.93 percent as of November 30, his flagship DoubleLine Total Return Bond Fund is actually up 0.72 percent.)

The WSJ also had Minerd offer some broad market predictions for next year. 

Edited by: Neil Anderson, Managing Editor

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