PRESS DIGEST - Wall Street Journal - Jan 24
Jan 24 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
NEW YORK Oct 4 Jeffrey Gundlach's DoubleLine posted a net inflow of $444.4 million into its open-end mutual funds in September, marking the Los Angeles-based firm's 32nd consecutive month of inflows.
The $61.8 billion DoubleLine Total Return Bond Fund, the largest fund by total assets of the DoubleLine Funds, had a net inflow of $190.9 million in September, for a year-to-date net inflow of $8.3 billion.
The DoubleLine Total Return Bond Fund - managed by Gundlach, chief executive and chief investment officer of DoubleLine Capital, and Philip Barach - is an open-end intermediate-term bond fund that invests primarily in mortgage-backed securities.
The $7.6 billion DoubleLine Core Fixed Income Fund had a net inflow of $87.5 million in September, bringing its year-to-date net inflow to $2 billion.
The DoubleLine Core Fixed Income Fund is an open-end intermediate-term bond fund that invests in different sectors of the fixed income universe, including corporate securities, bank debt, collateralized loan obligations, emerging markets debt, non-U.S. sovereign issues, municipal bonds and Treasuries as well as MBS.
DoubleLine's largest equities mutual fund, the $1.4 billion DoubleLine Shiller Enhanced CAPE fund, had a net inflow of $55.3 million in September, bringing its year-to-date net inflow to $594.6 million. The DoubleLine Shiller Enhanced CAPE fund has two sources of return: an actively managed fixed income portfolio and a rules-based exposure to the U.S. stock market.
DoubleLine's investment team actively invests in a diversified fixed income portfolio. The fixed income portfolio collateralizes derivatives contracts tracking the Shiller Barclays CAPE US Sector Total Return Index (the Shiller Barclays index). The fund launched on Oct. 31, 2013. (Reporting By Jennifer Ablan; Editing by Alan Crosby)
KUALA LUMPUR, Jan 24 Malaysia's AirAsia X Bhd on Tuesday said it has become Asia's first low-cost carrier to receive approval to operate scheduled passenger flights to any destination within the United States.
TOKYO, Jan 24 Japanese stocks declined on Tuesday as U.S. President Donald Trump's protectionist policy stance rattled investors while banks led the losses on sliding U.S. and global bond yields.