MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 4, 2012 Gross Trims His Mutual-Fund-ETF Gap 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." Printed from: MFWire.com/story.asp?s=41140 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |