With the success Pimco’s Total Return ETF (NYSEArca: TRXT) has witnessed in just a month, don’t be surprised to see a number of actively managed ETFs released by Pimco in the near future, according to an article on CNN Money.
While Pimco hasn’t yet filed any new paperwork with the Securities and Exchange Commission, the company is looking to meet investor demands for actively managed ETFs in various sectors of the bond market, the article said, quoting Bill Gross, a co-founder of Pimco and the manager of the Total Return mutual fund.
The Total Return Fund is the biggest mutual fund in the world, with more than $250 billion in assets. The ETF version, which launched on March 1, now has almost $290 million in assets.
Head over to Money.CNN.com for the full story.