Gundlach bond fund drew the most investor money in first half

SEP 12, 2012
The DoubleLine Capital Total Return Bond Fund attracted the most money among U.S. mutual funds this year through June, according to estimates from Morningstar Inc. The fund received $11.5 billion, followed by the Vanguard Total International Stock Index Fund (VGTSX), which attracted $8.9 billion, Morningstar said. The Pimco Total Return Bond Fund (PTTAX), the world's largest mutual fund, had the sixth-highest amount of deposits with $5.9 billion. The DoubleLine Total Return Bond Fund (DBLTX), run by Doubleline Capital LP chief executive Jeffrey Gundlach and Philip Barach, had returned 5% this year through last Tuesday's close, beating 95% of similarly managed funds, according to data compiled by Bloomberg. The $28 billion fund had returned 9.3% over the 12-month period ended last Tuesday, ahead of 98% of rivals. As of June 30, 31% of its assets were invested in nonagency residential-mortgage-backed securities, according to DoubleLine's website. The numbers are for open-end mutual funds and exclude money markets and funds of funds. This year through May, investors put $106 billion more into U.S. taxable-bond funds than they took out, Morningstar said. Domestic stock funds had $34 billion in net outflows over the same time period, while international stock funds had net inflows of $20 billion.

Latest News

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income