Gundlach's DoubleLine Books 25th Consecutive Month of Inflows

Mar 1 2016 | 10:17pm ET

Jeff Gundlach’s DoubleLine Funds attracted a net $2.24 billion in February, according to a statement on Tuesday. The gain marked the company’s 25th consecutive month garnering new investor capital.

Gundlach’s consistent ability to attract fresh investor capital is especially noteworthy given the extraordinary turbulence on global markets since mid-2015. 

The company’s Total Return Bond Fund, its largest, saw net inflows of $2.01 billion in February, bringing its total assets up to $56 billion. Doubleline’s Core Fixed Income Fund, meanwhile, garnered $158.31 million in February. The $6 billion Core fund invests in different sectors of the fixed income universe, whereas Total Return is focused primarily on the mortgage-backed securities market. 

Meanwhile, the firm’s SPDR DoubleLine Total Return Tactical ETF attracted $145 million of net inflows last month, according to Reuters. 

Gundlach reportedly nibbled on U.S. equities several weeks ago following dramatic declines in January and early February. In an interview with Reuters on Tuesday, he noted that he is now thinking of booking some of the gains earned in those positions given the market’s rebound since mid-February.

"I am bearish,” Gundlach said to Reuters. “There are just wiggles and jiggles in the markets."


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