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 18, 2012 An Allianz Director Expects More Pimco ETFs Don't be surprised if another new Pimco [profile] ETF launches this year. Reuters reports that Allianz board member Jay Ralph told a German newspaper he expects the bond giant to follow its successful launch of the Total Return ETF this March with "at least " one more ETF later this year. Ralph told the German weekly Euro am Sonntag: "I would not be surprised if there was at least one more this year. After all, the Total Return ETF has already gathered $1.3 billion." No surprise here -- last week MFWire reported that the Newport Beach-based fund giant has filed paperwork to create three new ETFs out of their actively managed funds. Ralph also told the German weekly that Pimco has no plans for a passively managed ETF. Allianz owns Pimco. Printed from: MFWire.com/story.asp?s=40339 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |