Gundlach: bond investor, pot smoker (in Cap Research offices), and watched porn there too (LOL)
He's not a "great" any kind of investor. Bill Gross is tyhe only bond king,regardless of Grundlach's self-promotion. You go tell his equity and bond investors whatever you want. He's a pompous player alright...
In his real fund, he's investing heavily in fixed rate private label and agency MBS. Those who want to be in a "bond" fund earning an extra 38bps for a few quarters while getting locked into sub market performance for the follow on 28 years once debasing sets in should race to own his fund... gee, he could put it all in high yield bonds with a WAM of 10 years and an "extra" percent or two, also. Of course, though, anyone who understands the duration, interest rate, redemption and credit issues might want to seek a third party view.
See, some here actually understand the business they are investing in... lol
You might want to check his performance in 2008 at TCW. HE DID NOT EVEN LOSE MONEY IN 2008 investing in your so-called junk (see: TGLMX). Most other bond funds were a different story. You clearly don't understand the Gundlach story. You're clearly wrong.
Now there ARE "bond" funds that are super volatile... I'm looking at you Loomis Sayles