☰

Cultura

DoubleLine's Gundlach: Puerto Rico represents only 1 percent of fund


    NEW YORK (Reuters) - DoubleLine Capital's Jeffrey Gundlach says Puerto Rico municipal bonds represent only 1 percent of his DoubleLine closed-end fund.

    In an investor call on Tuesday, Gundlach said Puerto Rico is not a "big bet" for his Los Angeles-based firm. He also added that "I am not expecting a disaster in the high-yield market this year and next year."

    (Reporting By Jennifer Ablan; Editing by Diane Craft)