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I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.
On Thursday, I focused on the PIMCO Total Return ETF (NYSEArca: BOND). Bill Gross’s ETF version of his flagship Total Return Fund has experienced phenomenal growth since its March launch as average retail investors picked up on his expertise in the bond market.
BOND has attracted nearly $4 billion and is the third most-popular ETF since its March listing.
Full disclosure: Tom Lydon’s clients own BOND.