FYI: Jeffrey Gundlach doesn't see a bright future for unconstrained bond funds, with the notable exception of his own DoubleLine Flexible Income Fund (DFLEX), which he doesn't really identify as unconstrained.
“The category is something of a gimmick, because the strategy sounds nimble, but the allure is really the hope that they will be able to avoid interest-rate risk,” the founder of DoubleLine Capital told InvestmentNews in a phone interview
Regards,
Ted
http://www.investmentnews.com/article/20160106/BLOG12/160109970?template=printart
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Thanks
http://awealthofcommonsense.com/when-investors-call-the-shots-for-portfolio-managers/