First one a hit so Pimco rolls out three more bond ETFs

First one a hit so Pimco rolls out three more bond ETFs
Launch comes on the heels of success of exchanged-traded version of flagship fund
JUL 06, 2012
Pacific Investment Management Co. LLC is following up the success of the Pimco Total Return ETF Ticker:(BOND) with three more actively managed exchange-traded funds that mimic existing bond funds. The Newport Beach, Calf.-based firm has filed with the Securities and Exchange Commission to launch ETF versions of its $23.8 billion Pimco Real Return Fund Ticker:(PRTNX), $21.3 billion Pimco Low-Duration Fund Ticker:(PTLAX) and the $5.7 billion Pimco Diversified Income Fund Ticker: (PDVAX). The Real Return Fund and the Diversified Income Fund will have the same managers, Mihir Worah and Curtis Mewbourne, respectively, as their mutual fund counterparts. Bond guru Bill Gross, manager of the Low-Duration Fund, will not be handling the reigns of the ETF version. Instead, Marc Seidner will. Mr. Gross has had considerable success with the ETF version of the $1.2 trillion Pimco Total Retun Fund Ticker:(PTTAX). The ETF has grown to $1.28 billion in just over three full months of trading. It's also outperformed its mutual fund sibling. The Total Return ETF has had a return of almost 5% since its launch. Over the same time period, the mutual fund has had a return of almost 2%. The Barclays Aggregate Bond Index has been basically flat over the same time period.

Latest News

Stifel settles another complaint involving former star Miami broker
Stifel settles another complaint involving former star Miami broker

Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.

Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan
Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan

UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.

Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance
Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance

The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.

Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion
Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion

Mega-RIA picks up $250M advisor, while three firms head for &Partners.

The great wealth transfer isn't coming - it's already here
The great wealth transfer isn't coming - it's already here

Advisors who wait for a wealth event to introduce themselves to the next generation are already too late.

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.

SPONSORED Estate planning isn't a service add-on. It's your retention strategy.

As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.