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Gundlach Bond Fund Trails Rivals As Mortgage Focus Pinches

TedTed
in Fund Discussions
FYI: (Click On Article Title At Top Of Google Search)
Star bond investor Jeffrey Gundlach’s flagship fund has been slowed by a rally in the types of bonds it has avoided, putting its performance this year behind most comparable funds.

The $61.1 billion intermediate-term DoubleLine Total Return Bond Fund has gained 3.5% this year through July 28, while the Barclays U.S. Aggregate Bond Index has shot up 5.7% and the average intermediate-term fund has risen 5.6%, according to Morningstar Inc
Regards,
Ted
https://www.google.com/#q=Gundlach+Bond+Fund+Trails+Rivals+as+Mortgage+Focus+Pinches+WSJ

Comments

  • Edmond
    That's what happens when a bond manager exercises prudence with respect to credit and duration, and money keeps pouring into the fixed income market.

    I'm quite happy with his prudence. I'd prefer to not be chasing performance here.
  • CrashCrash
    I chose DLFNX, didn't want to pile on top of what seemed already to be a fund getting bloated, and that was in 2012.
  • davidrmorandavidrmoran
    Whatever it is Gund does to add value at DSEEX, it has kept its edge consistently over CAPE, including recently.
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