DoubleLine Redemptions
DoubleLine lost $631 million to redemptions in the same month. Gundlach’s $37.3 billion DoubleLine Total Return Bond Fund has fallen 1.1 percent this year, beating 86 percent of rivals.
Investors removed $11.3 billion from stock funds focused on the U.S. through Aug. 19, after putting in a record $39.2 billion in July. Those funds are still on track to post their first year of net deposits since 2007, prior to the financial crisis that shook investor confidence in equities.
Stock funds that invest outside the U.S. have attracted $13.2 billion so far this month. Global funds are also headed for their best year since 2007.