Morningstar reports that PIMCO’s flagship Total Return Fund lagged 89% of peers in July. Although that could have changed today, it’s another tough month for Bill Gross and PIMCO which has experienced $64 billion in outflows since May 2013. On the year the fund is lagging 76% of peers.
Meanwhile, king-in-waiting Jeffrey Gundlach and his Doubleline total return fund has attracted a sixth straight month of inflows and has pulled in $1.9 billion so far this year. Gundlach said he’s very bullish on the US dollar and all his funds are invested as such.
