Gundlach Flagship Outflows Rise to $1.4 Billion in November
- U.S. taxable-bond funds hurt industrywide as yields climb
- DoubleLine Shiller Enhanced CAPE Fund attracted $171.7 million
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Jeffrey Gundlach’s flagship DoubleLine Total Return Bond Fund posted redemptions for the second straight month in November as surging yields sent investors fleeing from fixed-income products.
The fund had outflows of $1.4 billion, following October’s $33.2 million in withdrawals, according to an e-mail Friday from Los Angeles-based DoubleLine Capital. DoubleLine’s open-end mutual funds collectively posted net withdrawals of $990.5 million, the first aggregate outflows in almost three years. Investors added $48.8 million to the DoubleLine Core Fixed Income Fund and $171.7 million to the DoubleLine Shiller Enhanced CAPE fund.