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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 337.60+0.4%Dec 22 4:00 PM EST

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To: marc ultra who wrote (6339)9/3/2011 6:11:10 PM
From: gronieel21 Recommendation  Read Replies (1) of 10065
 
How to play it: Battle of bond kings: Gundlach vs. Gross


BEATING BENCHMARKS


Since the inception of DoubleLine's Total Return Bond fund in April 2010, institution class shares ( DBLTX.O) have returned 17.7 percent through last Thursday, compared to 6.5 percent for PIMCO Total Return, according to Lipper Inc, a unit of Thomson Reuters.

"While the rest of the fixed income world was hesitant to extend duration this spring, DoubleLine was aggressive in buying deeply discounted agency CMOs tied to the 10-year Treasury," said David Schawel, portfolio manager at Square 1 Bank who owns the DoubleLine fund in his own account.

"As the yield curve flattened, DoubleLine was perfectly positioned while other firms shunned securities exposed to this part of the curve."

Year to date, DoubleLine is up 7.65 percent, versus 3.19 percent for PIMCO. The benchmark Barclays Capital U.S. Aggregate Index is up 5.61 percent since 2011 began.

reuters.com
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