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7 months ago
DoubleLine Total Return posts $3.5 bln outflow in December - Morningstar
January 3, 2017 / 5:48 PM / 7 months ago

DoubleLine Total Return posts $3.5 bln outflow in December - Morningstar

NEW YORK, Jan 3 (Reuters) - The DoubleLine Total Return Bond Fund posted a net outflow of $3.5 billion in December, data from research firm Morningstar showed on Tuesday.

The roughly $55.7 billion fund, which is DoubleLine's flagship, attracted a net $3.05 billion in new cash throughout all of 2016, Morningstar data showed. The fund invests primarily in mortgage-backed securities and is run by DoubleLine chief executive Jeffrey Gundlach and the firm's president, Philip Barach.

Reporting by Sam Forgione

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