PIMCO Total Return ETF (NYSEArca: BOND) is off to a flying start since the March launch in both gathering assets and performance.
The exchange traded fund managed by Bill Gross has already pulled in over $1 billion in assets and is handily outperforming its mutual-fund counterpart.
For the three months ended June 5, BOND posted a gain of 5.1%, compared with 2% for the Class A shares of PIMCO Total Return Fund, according to Morningstar.
BOND has net assets of $1.26 billion, the best start for an actively managed ETF ever, writes Marc Prosser at Forbes.
He cites two reasons why the ETF version is outperforming PIMCO Total Return Fund.