Earlier this week it was reported
that Bill Gross' Pimco
Total Return Fund [profile
] had its lowest inflows since December 2011 in March.
This may be because people still want Bill Gross, only now they want him in ETF form. According to a Bloomberg report
, Pimco Total Return ETF
had $263 million in deposits last month, compared to $32 billion for the mutual fund.
Returns were 1.2 percent for the ETF in Q1, and .6 percent for the traditional fund.
The traditional fund is the worlds largest mutual fund.
For more details, and other bits of news from around the market, check out the original article here
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