NEW YORK, Sept 5 (Reuters) - Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more than $775 million into its fixed-income mutual funds and ETFs in August, the firm said on Tuesday.
Guggenheim’s flagship Total Return Bond Fund, a $7.8 billion intermediate-term fund that has outperformed 99 percent of its rivals over three and five years, according to Morningstar, attracted $430 million last month, Guggenheim said.
“I think the consistency of performance is helping with inflows,” Minerd said in a telephone interview. “I also think the yield thing - producing yield in a low-interest-rate world - always helps.”
Guggenheim Limited Duration Fund, a $2.2 billion short-term bond fund, had its 44th consecutive month of net inflows since its December 2013 inception, with $117 million of inflows in August. The fund has outperformed 97 percent of funds in its Morningstar category over three years.
Guggenheim Macro Opportunities Fund, a $5.9 billion non-traditional bond fund that has outperformed 99 percent of its rivals over five years, took in $98 million in August for a year-to-date total of $1.8 billion. It had more net inflows ($2.4 billion) than any fund in Morningstar’s non-traditional bond category over the trailing one-year period ended Aug. 31.
Guggenheim said its BulletShares suite of defined maturity ETFs now has a record $8.9 billion in assets under management, following inflows of $190 million in August. (Reporting by Jennifer Ablan; Editing by Leslie Adler)