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

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

Rating:Gross Trims His Mutual-Fund-ETF Gap Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 4, 2012

Gross Trims His Mutual-Fund-ETF Gap

News summary by MFWire's editors

The Pimco Total Return ETF [profile] isn't flying quite as high anymore, at least not relative to its mutual fund big brother. Jason Kephart of InvestmentNews draws attention to the fact that the ETF and its mutual fund version have moved closer to each other performance-wise since May 29.

The ETF version beat the mutual fund by 400 basis points from March 1 to May 29 according to Morningstar data. Yet it has returned 2.81 percent since May 29, while its mutual fund counterpart has returned 2.14 percent.

Acording to Douglas Hodge, COO of Pimco, Gross' team has expected that the ETF and mutual fund would track each other closely.

"We're completely agnostic when it comes to which investors choose," Hodge said. "We've had tremendous flows into both the ETF and the mutual fund. We think they can grow together." 

Edited by: HFD


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

0.0
 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