Bill Gross'
Pimco Total Return ETF [
profile] has hit a big milestone. The fund has officially surpassed $1 billion in assets.
The news was covered by
Barron's and
IndexUniverse, and is based on XTF.com data.
IndexUniverse added a some information to put the milestone in perspective, while the Pimco Total Return ETF has set a quick pace for asset gathering, it's by no means a record. The pub cites the
SPDR Gold Shares ETF [
profile], launched in November 2004, which hit the $1 billion mark three days after launch.
 
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