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Gundlach's DoubleLine Fund Has Third Month Of Net Redemptions
Laugh............And NEVER do I hear a word about the "other" one: DLFNX. I did not want to follow the herd, so I chose to invest in it, rather than its "big brother."
Well, gee...all the lemmings that rushed into Mr. Poobah's fund over the last two years because it was getting 8-9% 'with no risk' are suddenly realizing that...DUH!...a bond fund can actually loose a bit of value.These are the same folks who had most of their money stashed on the sidelines for the prior 3 or 4 years. They are NOT investors. They are SAVERS who thought it was safe to go into the water, not bothering to read any disclosure material. After all, bonds are safe, right?
Yes, the press will tell us over the next few years that bond funds are seeing net redemptions, just as they told us for the last 3-4 years that money has been rushing into bonds. And, yes, the media did help to create the bond euphoria.
Comments
PIMCO, Doubleline. Who's next? Loomis Sayles? Metropolitan West?
Bottom line is each news article will generate revenue for the media and paycheck for the author.
"The sun rose in the east for the straight 6 Billionth Year". Now gimme my money !!!
Yes, the press will tell us over the next few years that bond funds are seeing net redemptions, just as they told us for the last 3-4 years that money has been rushing into bonds. And, yes, the media did help to create the bond euphoria.