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Rating:Investors Like Gross' ETF More Than His Giant Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 05, 2013

Investors Like Gross' ETF More Than His Giant Fund

News summary by MFWire's editors

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 

Edited by: Ben Geier


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