MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 11, 2012 Pimco Goes Back for More After BOND Pimco [profile] seems to be thinking that if one ETF is good, three more must be even better. That is an easy decision to make after the eye-opening success of the BOND ETF that mimics -- but has so far outperformed -- an ETF based on Pimco's flagship Total Return. The Newport Beach, California-based fixed income giant has filed paperwork to create ETFs out of three of their actively managed funds, reported Olivier Ludwig for IndexUniverse.com on Yahoo! Finance. This follows the creation of the Pimco Total Return ETF in March. The three funds Pimco and chief Bill Gross [profile] want to sell as ETFs are the Pimco Real Return Fund, the Pimco Low-Duration Fund and the Pimco Diversified Income Fund. Gross will not manage the ETF version of the Pimco Low-Duration Fund, which he does run. The other two ETFs will be run by the same managers as the mutual funds, Ludwig reported. The filing did not include details about price or stock ticker names. Printed from: MFWire.com/story.asp?s=40270 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |