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

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

Rating:Alternative Bond Funds Are Fast Growers ... Until Now Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 07, 2011

Alternative Bond Funds Are Fast Growers ... Until Now

News summary by MFWire's editors

Go anywhere funds are going to the wrong places. So writes Charles Stein for Bloomberg Business Week. Stein focuses on Pimco's [profile] Unconstrained Bond Fund, the biggest "go-anywhere" fund that holds $15.5 billion in AUM and JP Morgan's Strategic Income Opportunities Fund.

All counted the category has gathered some $55 billion in AUM since the 2008 financial crisis when the category held just $2.8 billion. That total includes net flows of $13.7 billion through July of this year along with $27.6 billion in 2010 and $9.2 billion in 2009.

Pimco and JPMorgan's funds are the two biggest mutual funds in the category and both are down for the year after missing the boom in the market for U.S. Treasuries, according to the report. Still, both funds are ahead of their peers as tracked by Morningstar and along with Eaton Vance's [profile] Global Macro Absolute Return Fund are among the top 10 selling mutual funds.

Alternative bond mutual funds' popularity has slipped as of late. In the three months ending in October, shareholders have pulled nearly $4 billion from non-traditional bond funds in the wake of the recent slip in the bond market. 

Edited by: HFD


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use