Gundlach’s Fund Had Its Biggest Redemptions in September
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Jeffrey Gundlach’s DoubleLine Total Return Bond Fund, which has beaten 97 percent of rivals over the past three years, had its biggest net withdrawals as investors continued to flee bonds for the fourth straight month.
Clients pulled an estimated $2.1 billion from the $35.1 billion fund in September, according to research firm Morningstar Inc. Investors removed $1.2 billion in June, the first withdrawals from the fund since it opened in April 2010, $580 million in July and $1.1 billion in August, Chicago-based Morningstar said.