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

By
Devon Layne
March 19, 2012
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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 DAILY DATA

'GLD' added $384 million on Tuesday, Jan. 27, as earnings warnings spooked markets and pulled total U.S.-listed ETF down to $2.017 trillion.

'DXJ' and 'HEDJ' propelled WisdomTree up the issuer table on Tuesday, Jan. 27, as total U.S.-listed ETF assets fell to $2.017 trillion.

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