Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:'It Was Pimco Who Drew the First Blade'  Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, January 25, 2012

'It Was Pimco Who Drew the First Blade'

News summary by MFWire's editors

"The mutual fund industry died from a thousand cuts --but it was Pimco who drew the first blade in 2012."

So writes Fortune contributor Joshua Morgan Brown in an article published yesterday and dated 10 years into the future -- March 1, 2022. That's a decade after the launch of the Pimco Total Return ETF (TRXT).

The ETF's birth "would henceforth be recognized as the Shot Heard 'Round Boston," he adds.

He writes that within one quarter of TRXT's launch, the ETF will turn the tides against mutual funds as advisors and pension fund managers realize that the small basis point cost difference between the Total Return Institutional Class Fund (48 basis points versus 52 basis points) and the Total Return ETF was "de minimis."

"And tens of billions of assets flowed from the former to the latter in an unstoppable torrent. After another quarter had gone by, the retail holders of Total Return A and C shares (which carry extra fees) rebelled against their brokers and demanded a switch, especially when the performance gap turned out also to be almost nonexistent," he writes.

Brown also predicts that DoubleLine, T. Rowe Price and Janus will launch ETF versions of their top funds. 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use