DoubleLine Funds, an investment firm found by Jeffrey Gundlach, is known to be the rival of Pimco, a bond fund. The company shared their positive report for this year. It reported its 10th continuous month of inflows in the month of November 2014 that amounts to $1.16 billion all in all. This followed the monthly inflow of $2.38 billion in the month of October 2014, which is known to be the highest inflow of DoubleLine for the year 2014.
On Monday, the DoubleLine Capital, which is known to be based in the Los Angeles, California, said that DoubleLine Total Return Bond Fund, which is its flagship, reported a total of $819 million inflows in November 2014. This is lower than the inflow reported in the month of October 2014 of $1.82 billion. This brought the net inflows of fund to a total of $6.34 billion in 2014.
The all in all net inflows of DoubleLine Funds equals to an amazing $8.62 billion. According to David Schawel, who is the vice president and fixed-income portfolio manager of Square 1 Financial, the reason why the DoubleLine is attracting inflows is because of the perfect combination of solid relative performance, lower US treasury yields and the capturing of the outflows of the competitors.