Gundlach’s Total Return Fund Sees First Outflow Since 2014
- Investors pulled $33.2 million from DoubleLine fund in October
- Fund has returned 3.7% this year, trailing benchmark index
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Investors pulled $33.2 million from Jeffrey Gundlach’s DoubleLine Total Return Bond Fund in October, the first outflow since January 2014.
DoubleLine’s open-end mutual funds collectively posted a net inflow of $455.3 million last month and $12.3 billion this year, Los Angeles-based DoubleLine Capital said Tuesday in a statement.