FollowDoubleLine Funds is a Los Angeles-based investment firm owned by Jeffrey Gundlach. It has been Pimco’s primary prival. DoubleLine Funds recently reported its 11th straight month of net inflows in the month of December 2014. The total inflows reached as much as $2.23 billion.
The $1.5 billion of its total inflows came from the net inflows of their flagship – DoubleLine Total Return Bond Fund – that ended December 2014. It is far greater than the flagship’s net inflow of $819 million in the month of November 2014. The overall net inflows of DoubleLine for the year 2014 amounted to $10.85 billion.
Based on the Morningstar data, the Total Return Bond Fund of DoubleLine made 6.73 percent in the previous year. This means it has beaten a total of 90 percent of other firms in this category.
For those who are curious, the DoubleLine Total Return Bond Fund is an open-end and intermediate-term mutual fund that is known to invest mainly in securities backed by mortgages. As of the moment, its assets amount to $40.2 billion all in all.
DoubleLine thinks that Bill Gross, who is the one who managed the Pimco Total Return Bond Fund, leaving Pimco is one of the factors why net inflows to DoubleLine spike.
