Meanwhile, Pimco's major rival, Jeffrey Gundlach's DoubleLine Funds, has been gaining more favor in recent months.

DoubleLine's flagship DoubleLine Total Return Bond Fund attracted net inflows of $562 million in August, its seventh straight month of inflows.

The DoubleLine Total Return Bond Fund is posting returns of 5.46 percent year-to-date, surpassing the benchmark Barclays U.S. Aggregate Bond Index, which is at 4.81 percent. The DoubleLine fund is surpassing 77 percent of its peer category so far this year, according to Morningstar data.

DoubleLine said on Tuesday its DoubleLine Total Return Bond Fund ended August with net inflows totaling $2.47 billion so far this year, and more than $3.42 billion of net inflows into DoubleLine open-end funds.

 

First « 1 2 » Next