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