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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Gundlach’s DoubleLine Will Hold Cash Until Everyone in ‘Fear’ |
Bloomberg - August 26, 2011 - by Mary Childs
Jeffrey Gundlach’s DoubleLine Capital LP is favoring cash over almost all investments including corporate bonds, wagering that relative yields will widen even after expanding to the most since October 2009.
“I want fear,” Gundlach, the founder and head of Los Angeles-based DoubleLine, said in an Aug. 24 telephone interview. “I want to buy things when people are afraid of it, not when they think that it’s a gift being handed to them,” he said of speculative-grade bonds.
Some of DoubleLine’s funds, which usually don’t hold any cash, currently are allocating 15 percent, said Gundlach, who managed the top-rated intermediate-term U.S. bond mutual fund for 15 years. DoubleLine’s Multi-Asset Growth fund, which can invest across asset classes and market sectors, holds 30 percent in cash, he said.
DoubleLine has attracted about $14 billion since its December 2009 inception. Gundlach previously co-managed the TCW Total Return Bond Fund (TGLMX) with Philip Barach. Gains averaged 7.5 percent annually in the five years ended Dec. 4, 2009, which compares with 7 percent for the Total Return Fund run by Bill Gross of Newport Beach, California-based Pacific Investment Management Co., the world’s largest bond fund. Barach is also at DoubleLine.
The firm, which has grown from $3.1 billion in June 2010, increased cash holdings as a rally in U.S. Treasuries pushed down yields, Gundlach said.
For the complete article
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