Jeffrey Gundlach is expanding his mutual fund footprint. Gundlach's DoubleLine Capital[profile] will launch the DoubleLine Floating Rate Fund next year, reports Investment News.

The new fund which will invest in bank loans, inflation indexed securities and mortgage- and asset-backed securities. It will be PMed by Bonnie Baha and Robert Cohen.

This new offering will be the 6th mutual fund by the group. DoubleLine mutual funds reported almost $20 billion of net inflows. 

Edited by: HFD


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