Bill Gross: New ETF’s Returns Already Better Than Passive Rivals

By
March 19, 2012
Share:

 

In an interview with Yahoo Finance, Bill Gross reflects on the performance of Pimco’s recently launched Total Return ETF (NYSEArca: TRXT), arguing that the fund is outperforming many of its passive rivals, according to a blog entry on Barron’s.

TRXT has risen 1 percent in the past few weeks, which compares with a 1.2 and 2.3 percent decline, respectively, for its passively managed rivals Vanguard Total Return Bond Market (NYSEArca: BND) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) in that same time span, said the Barron’s blog.

While TRXT’s performance has been strong thus far, it’s too early to tell just how long its upward momentum will last, the article said.

Head over to Barrons.com for additional information.

ETF.COM CHANNELS

Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!

ETF DAILY DATA

Health care fund 'XLV' led inflows on Tuesday, June 30, as total U.S.-listed ETF assets edged up to $2.115 trillion.

'SPY,' 'MDY' and 'DIA' paced SSgA's issuer-leading outflows on Tuesday, June 30, as total U.S.-listed ETFs dipped to $2.115 trillion.

ETF.COM ANALYST BLOGS

By Drew Voros

Why is putting a client’s interest first not the industry standard?

By Matt Hougan

Contrarian plays, bad investing and authenticity in social media dominated the day.

By Dave Nadig

While they bring added risk, they can bring added returns.

By Olly Ludwig

The ETF world is a hotbed of interesting new ideas, as this week’s launches make clear.

ETF INDUSTRY PERSPECTIVE

By Invesco PowerShares

Smart beta appears to be poised for further growth.

By Dorsey Wright & Associates LLC

So many sectors, how do you choose? A quick guide from Dorsey Wright.

By Nasdaq Global Indexes

Bond exposure or bond performance? Only defined maturity indexes provide the latter.