|Expense Ratio (net)||0.47%|
|Morningstar Risk Rating||★★|
|Last Cap Gain||0.00|
|Inception Date||Apr 6, 2010|
|Average for Category||N/A|
Unlike active stock pickers, the best managers from the likes of PIMCO, DoubleLine, Guggenheim and Loomis Sayles have proven track records of adding value for their investors versus a passive benchmark. Look back through my blog and you will see numerous references to some of my favorite funds like the DoubleLine Total Return Bond Fund (MUTF:DBLTX) or the PIMCO Income Fund (MUTF:PONDX). More recently, we have focused on their complimentary exchange-traded fund portfolios via the PIMCO Active Bond ETF (NYSEARCA:BOND) and the SPDR DoubleLine Total Return Tactical ETF (NYSEARCA:TOTL).
The DoubleLine Total Return Bond Fund posted an estimated net outflow of $1 billion in January, its third straight net cash withdrawal after it bled $3.5 billion the previous month, data from research firm Morningstar showed on Wednesday. The fund, which launched in April 2010 and is DoubleLine's flagship, attracted a net $3.05 billion in new cash for all of 2016, the Morningstar data showed. Overall, DoubleLine's U.S. open-end mutual funds saw outflows of $190 million for January, Morningstar said.
Jeffrey Gundlach, who oversees more than $101 billion of assets as chief executive of DoubleLine Capital, has predicted a weaker dollar and more demand for inflation-protected securities now that U.S. President Donald Trump has "doubled down" on his stance regarding trade and securing jobs in America. Trump's inaugural address "was a really isolationist speech," Gundlach said in a telephone interview late on Friday. The S&P 500 edged lower on Monday as Trump's protectionist stance sent investors scurrying for safe-haven assets.
There will be "trouble for equity markets" if the yield on the benchmark 10-year U.S. Treasury note moves beyond 3 percent, Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Tuesday. In his first investor webcast this year, Gundlach said after the recent huge run-up in U.S. stock markets, investors should look to "peel off" their exposure to equities. Gundlach, known on Wall Street as the 'Bond King', reiterated an investment call he made in late 2016, saying he expects markets to reverse their post-election moves.
The DoubleLine Total Return Bond Fund posted a net outflow of $3.5 billion in December, its biggest one-month withdrawal ever, data from research firm Morningstar showed on Tuesday. The fund, which launched in April 2010 and is DoubleLine's flagship, attracted a net $3.05 billion in new cash for all of 2016, the Morningstar data showed. The fund's December outflow, which reduced its assets to $55.7 billion, marks its second-straight net cash withdrawal after it bled $1.4 billion in November.
The DoubleLine Total Return Bond Fund posted a net outflow of $3.5 billion in December, data from research firm Morningstar showed on Tuesday. The roughly $55.7 billion fund, which is DoubleLine's flagship, ...
The U.S. Federal Reserve's decision on Wednesday to raise rates by a quarter point and to signal a faster pace of increases in 2017 was reasonable, according to leading bond investor Jeffrey Gundlach, given growing inflationary pressures and U.S. President-elect Donald Trump's expected stimulus plans. "The Fed did the right thing," Gundlach, the chief executive of DoubleLine Capital, said in a telephone interview. Gundlach, who oversees $106 billion at Los Angeles-based DoubleLine, said the bond market was caught "off guard" after the Federal Open Market Committee said it was expecting to raise rates three times in 2017, an increase from the Federal Reserve's September meeting at which the committee said it foresaw two increases.
A U.S. 10-year Treasury note yield above 3 percent will harm the stock-market rally and housing market, said Jeffrey Gundlach, chief executive of DoubleLine Capital, on Tuesday. "I think above 3 percent is a problem," Gundlach told Reuters. On an investor webcast late Tuesday, Gundlach reiterated that U.S. President-elect Donald Trump's administration will be "bond unfriendly" and investors should brace for a 6 percent 10-year Treasury yield within four to five years.
A 10-year Treasury note yield above 3 percent will harm the stock-market rally and housing market, said Jeffrey Gundlach, chief executive of DoubleLine Capital, on Tuesday. "If the 10-year goes above ...
Nov.16 -- Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U.S. population, including hedge fund managers. Bloomberg's Peggy Collins has more on "Bloomberg Markets."