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Rating:Gross Beat Gundlach in October Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, November 06, 2012

Gross Beat Gundlach in October

News summary by MFWire's editors

October was a good month for both Bill Gross and Jeff Gundlach, but it was a bit better for Gross.

Sam Forgione of Reuters reports that Gross' flagship Pimco Total Return Fund [profile] attracted more than $2.4 billion in inflows last month, compared to $1.9 billion for Gundlach's DoubleLine Total Return Bond Fund [profile]. Gross' fund, now holding $281 billion of Newport Beach, California-based Pimco's $1.92 trillion in assets under management, has returned 9.49 percent year-to-date, ahead of 87 percent of intermediate bond mutual fund peers. Gundlach's flagship, which now holds $35.36 billion of Los Angeles-based DoubleLine's more than $45 billion in AUM, is up 8.52 percent, ahead of 79 percent of peers.

The wire service notes that U.S. bond mutual funds have brought in a new $238.27 billion of inflows year-to-date, even as $82.97 billion has net flowed out of equity mutual funds.

Bloomberg also reported on Pimco's October flows; you can read that story here

Edited by: Neil Anderson, Managing Editor

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