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Gundlach In Jeopardy Of Losing ‘Bond King’ Crown

TedTed
in Fund Discussions
FYI: Bond King” Jeff Gundlach may be losing his fixed-income mojo! A recent Fortune.com article reports that the prominent bond guru, who founded DoubleLine Capital, is underperforming his peers and the benchmark Barclays Aggregate Bond Index.

The DoubleLine Total Return Bond Fund DBLTX, -0.09% is among the bottom tier of comparable funds, according to recent ranking of bond funds compiled by Morningstar
Regards,
Ted
http://www.marketwatch.com/story/gundlach-in-jeopardy-of-losing-bond-king-crown-2016-07-15/print

Comments

  • Edmond
    B4 I clicked on the link, I formulated a theory as to what might have contributed to the underperformance vs. AGG. -- I then clicked on the link, and found JG's explanation mirrored mine.

    I then contrast the UNDERperformance of DBLTX with the superior recent OVERperformance noted in another thread of the Hoisington fund and Vanguard Extended Treasury funds. --- Both take elongated duration risk, but invest overwhelmingly in (credit-) safe Treasurys. The AGG of course, is also overwhelmingly Treasurys and (Fed-backed) Agencies -- which effectively means its another "safety trade".

    There are times when UNDERperformance is a virtue, not a vice. I suspect this is one of those times. I also note, that as of a couple weeks back, the guys running PTTRX/BOND -- pretty sharp cookies they --- were also UNDER-performing AGG. JG has good company in the UNDERperformers club. I suspect both JG and the PIMCO guys will be vindicated in the end.
  • BobCBobC
    Except for Mr. Gundlach, does anyone CARE?
  • johnNjohnN
    Glad still have tsp bonds which mirrored agg
  • MOZART325
    There are no more bond kings in this market:

    http://www.pragcap.com/there-are-no-bond-kings-in-this-bond-market/?utm_source=dlvr.it&utm_medium=twitter
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