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

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

'We are monitoring the situation,' SEC says of private funds
'We are monitoring the situation,' SEC says of private funds

New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline