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Doubleline Total Return Bond Fund posts $1.4 billion net outflow in November

Reuters
A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo (Reuters)

NEW YORK (Reuters) - The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday.

The $59.2 billion DoubleLine Total Return Bond Fund, an open-end intermediate-term bond fund that invests primarily in mortgage-backed securities, is run by Jeffrey Gundlach, chief executive officer, and Philip Barach, its president.

(Reporting by Jennifer Ablan; Editing by James Dalgleish)