PIMCO Total Return ETF Hits $2 Billion Asset Mark

July 18th at 7:30am by John Spence

PIMCO Total Return ETF (NYSEArca: BOND) continues to vacuum up assets. The exchange traded fund managed by Bill Gross has gathered $2 billion in about four and a half months.

BOND has doubled its asset base in less than two months as the ETF outperforms the mutual-fund version, Bloomberg News reports.

For the three months ended July 17, BOND has posted a total return of 4.4%, compared with 2.9% for the Class A shares of PIMCO Total Return Fund, according to Morningstar data. [Why PIMCO Total Return ETF is Beating Its Mutual Fund Counterpart]

Still, PIMCO Total Return Fund is outperforming 98% of its peers this year and the past five years, Bloomberg notes. [ETF Chart of the Day: PIMCO Total Return]

BOND has quickly grown to one of the largest actively managed ETFs after launching March 1.

PIMCO Total Return ETF

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

Tickers