Brexit Gundlach and European Union

Double Line Capital: Britain will hold a referendum on June 23 on whether the country will leave the European Union, a process often referred to as Brexit, according to Euro News. Gundlach, who manages the $60.3 billion Double Line Total Return Bond Fund, reiterated that polls reflect people complaints and frustrations rather than the actions they will actually take. I've never believed in an exit, or 'Brexit,' said Gundlach, known on Wall Street as the Bond King who manages $100 billion at Los Angeles-based Double Line Capital. When it comes up for a vote, I think it will fail, he said. Sterling and bond yields rose on Friday as traders tried to assess how the killing of a pro-EU British lawmaker will change the balance of opinions in Britain impending referendum. U.K. equity funds posted net withdrawals of $1.1 billion in the week to June 15, the second-highest outflow on record, as a result of the uncertainty over the vote, Bank of America Merrill Lynch said on Friday. (news.financializer.com). As reported in the news.