Gross's Investors Added About $8.4 Million to His Fund in Aprilby
Unconstrained fund had second consecutive month of inflows
Janus bond fund beat 91% of Morningstar peers in past year
Investors added about $8.4 million to Bill Gross’s Janus Global Unconstrained Bond Fund in April, the second consecutive month of net inflows to the $1.3 billion mutual fund, according to data compiled by Bloomberg.
The fund, which invests in fixed-income securities and derivatives, is up 2.65 percent in the 12 months through Friday and has outperformed 91 percent of its non-traditional bond fund peers over the past year, according to Morningstar Inc.
Since Gross took over management on Oct. 6, 2014, the fund has had a total return of almost 1.6 percent.
Gross’s investors added $2.5 million in March following four consecutive months of withdrawals -- about $2.3 million in February, $14.8 million in January, $57 million in December and $74 million in November. Gross manages the fund with Kumar Palghat.
Redemption estimates for the Janus fund are based on the change in assets over the month that isn’t accounted for by performance or reinvested dividends. The number may vary from actual figures and from estimates compiled by other data providers.
Janus spokeswoman Erin Passan declined to comment on the fund’s flows.