MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 4, 2013 T-Bonds Bite Vanguard and Gross, Not Gundlach or Fuss May was a tough month for lots of fixed income fundsters, including celebrity PM Bill Gross. Yet Jeff Gundlach and Dan Fuss are still going strong. Multiple publications noted that Gross' mammoth, $293-billion flagship, the Pimco Total Return Fund [profile], fell 1.9 percent last month, pushing its year-to-date performance to a drop of 0.15 percent. The plunge is widely attributed to a nearly 60-basis-point rise in 10-year Treasury yields over the course of May and corresponding sales of Treasuries. Reuters reported that the $117-billion Vanguard Total Bond Market Fund [profile] is taking an even bigger beating, down 0.82 percent year-to-date as of the end of May. Yet the wire service noted that at least two rival bond fund gurus are doing well. Gundlach's DoubleLine Total Return Bond Fund [profile] is up 1.56 percent year-to-date and Fuss' Loomis Sales Investment Grade Bond Fund [profile] is up 1.41 percent. Barron's, Bloomberg, MarketWatch and the Wall Street Journal also covered Gross' woes. Printed from: MFWire.com/story.asp?s=44061 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |