MutualFundWire.com: Bond Kings See More Carnage
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, October 03, 2013

Bond Kings See More Carnage


These guys can't seem to catch a break lately.

DoubleLine CEO and CIO Jeffrey Gundlach's DoubleLine Total Return Bond Fund (DBLTX) had its biggest net withdrawals in September as investor flight from bonds hit its fourth month, reports Bloomberg. Clients pulled an estimated $2.1 billion from the $35.1 billion fund during that month.

Meanwhile, Pimco CIO Bill Gross's Pimco Total Return Fund (PTTRX) suffered its fifth straight month of withdrawals, experiencing an estimated $5.4 billion of outflows, ending the month with $250 billion, according to Bloomberg.


Printed from: MFWire.com/story.asp?s=46297

Copyright 2013, InvestmentWires, Inc.
All Rights Reserved