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 |
|
Wednesday, October 10, 2012 Gross' ETF Hits Yet Another Milestone Sometimes, children outpace their parents. Bill Gross’ Total Return Exchange-Traded Fund (BOND) reached $3 billion in assets in about seven months, as it outperformed the world’s largest mutual fund, which follows a similar strategy, reports Bloomberg. According to the report, the Pimco Total Return ETF, which started trading on the NYSE Arca exchange on March 1, had $3.01 billion in net assets as of yesterday’s close, according to Pimco's website. The fund has advanced 10.4 percent since inception through yesterday’s close, compared with the 6.5 percent return for Gross’s $278 billion Total Return Fund, according to data compiled by Bloomberg. Gross still has a ways to go before he makes his fund the biggest bond ETF. That is currently the iBoxx $ Investment Grade Corporate Bond Fund, which has $24.4 billion in AUM, according to ETFdb. Learn more about the ETF on the Bloomberg website. Printed from: MFWire.com/story.asp?s=41582 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |