|Last Price$14.47||Day Change (%)0.07%|
|Open Price$14.50||Day Change ($)0.01|
|Day Range14.29–14.54||52-Week Range10.95–18.98|
As of Thu 9/3/2015 12:39:00 PM | USD
Bill Gross's bond fund at Janus lost 2.9% Monday
Bill Gross thinks Fed rate hike 'too little, too late'
Jeffrey Gundlach's $48.2 billion DoubleLine Total Return Bond Fund returned 0.7% over the past month while his peers showed losses.
China's Shenzhen Composite Index, having more than doubled in 2015, began declining about a week after the legendary bond manager made a prediction that Chinese stocks were overheated and poised to fall, and it has since plunged about 27%.
Three options for a measured approach to junk bonds.
Investors Grasp for Answers Amid Wild Stock Rout
Greater than the sum of its parts.
Janus Capital said that Kumar Palghat, who worked with Mr. Gross at Pimco for 10 years, will help run the Janus Global Unconstrained Bond Fund, with Mr. Gross staying on as lead manager. Janus also bought a majority stake in Mr. Palghat's firm, Kapstream Capital.
Investor flows remain inconsistent for Janus Unconstrained Bond Fund, with $39.8 exiting in June.
Investors added $200 million in the second quarter, down from $1.1 billion in the prior period.