Last month Fortune
claimed that "it was Pimco who drew the first blade" in killing the mutual fund industry [see MFWire.com, 1/25/2012
], and now the Wall Street Journal
is taking a similarly gloomy outlook on the coming launch of the Pimco Total Return ETF
] on March 1. Specifically, in the WSJ
's monthly "investing in funds" special report, Tom Lauricella worries
that "the popularity of ETFs is threatening to kill off what was long a linchpin of mutual funds: 12b-1 fees."
notes that distribution infrastructure for ETFs isn't really in place yet, at least not when compared to 12b-1-centric distribution in much of the mutual fund world. And the pub also wonders if smaller mutual fund firms will stand a chance in the low-margin, scale-intensive world of ETFs.
's Eric Jacobson
weighed in for the story.
Neil Anderson, Managing Editor
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