FYI: The Janus Henderson Global Unconstrained Bond Fund suffered about $60 million of redemptions in December, according to Bloomberg estimates. That lowered assets to $950.4 million from February’s all-time high of $2.24 billion.
Investors have pulled money for 10 consecutive months since the February peak, in part amid misplaced bets that rates on U.S. Treasuries and German bunds would converge, a position it later scaled back. Gross piled up a loss of about 4 percent last year, underperforming more than 80 percent of peers, according to data compiled by Bloomberg.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-01-13/bill-gross-s-bond-fund-assets-decline-below-1-billion?srnd=premium
