DoubleLine Funds has reported their 10th consecutive month of inflows for this year. The total inflows for the month of November 2014 equals to $1.16 billion. This inflow followed the highest monthly inflow last October 2014 that sums up to $2.38 billion.
DoubleLine Capital reported on Monday that the DoubleLine Total Return Bond Fund, DoublelIne’s flagship, ended the month of November with a total inflow of $819 million, relatively lower compared to the October monthly inflow of $1.82 billion.
The overall inflow of DoubleLine Funds reached a total of $8.62 billion. This is definitely a big improvement for a firm.
David Schawel, who is known to be the vice president and the fixed-income portfolio manager of Square 1 Financial, revealed Doubline Funds’ secret to luring inflows. He told that it is the combination of the secret ingredients to success – capturing of their competitor’s outflow, solid relative performance and of course, lower US treasury yields.
On the other hand, According to Morningstar, Pimco, which is DoubleLine Funds’ rival, reported a total outflow of 48.3 billion across the company’s open-ended funds in the month of October 2014. Obviously, DoubleLine is currently doing much better than its rival Pimco for this year.