The Markets June 1, 2010

April Saw $54B in Fund Inflows

Stock and bond funds experienced net inflows of $53.7 billion in April, according to the latest data from the Financial Research Corporation (FRC).
Reported by

FRC said April’s performance was down from March’s showing of a $70.5-billion inflow and up from April 2009, which saw a $42.8-billion influx, according to a news release from FRC.

The Corporate Bond objective led the net inflow category with $17.1 billion, followed by the International/Global Equity objective with $16.2 billion and Equity with $12.1 billion.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

 PIMCO’s Total Return fund attracted $2.7 billion to lead the fund sales charts. That was followed by Templeton Global Bond fund with $1.89 billion. In the next three slots were Vanguard Total Stock Index at $1.6 billion, Vanguard EM Stock Idx; ETF at $1.45 billion, and Vanguard Total Bond at $1.26 billion.

The top five fund families in terms of April assets were: The Vanguard Group at $1.22 trillion; American Funds at $934 billion; Fidelity Investments at $805 billion; BlackRock at $517 billion and PIMCO at $363 billion.

 In terms of Morningstar categories, Interrmediate-Term Bond led the way with $7.2 billion in inflows.

Products June 1, 2010

DoubleLine Launches Core Fixed Income Fund

DoubleLine Funds Trust has launched the DoubleLine Core Fixed Income Fund.
Reported by

The open-end mutual fund is managed by Lead Portfolio Manager Jeffrey Gundlach, CEO of DoubleLine Capital LP, adviser to the DoubleLine Funds. The fund’s objective is to maximize current income and total return.

According to a press release, the investable universe of the DoubleLine Core Fixed Income Fund encompasses diverse sectors of the bond market. Investable asset classes include U.S. Government (Treasuries), Agency mortgage-backed Securities (Agency MBS), non-Agency MBS, commercial MBS, global developed credit (including investment-grade and below-investment grade corporate securities), and emerging markets debt. 

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

The public is invited to a Webcast presentation regarding the fund and question-and-answer session at 1:15 pm PT/ 4:15 pm ET, Thursday, June 3. The Webcast is available at http://video.webcasts.com/events/pmny001/viewer/index.jsp?eventid=35020.

«