It has been a tumultuous week for U.S. stocks. On Thursday, the Dow Jones Industrial endured one of its largest one-day declines this year. In any given week, that would be enough to guarantee the biggest ETF news of the hailed from the world of equities.
That was not the case this week as the fixed income space was rattled by news of an investigation by the Securities and Exchange Commission into pricing practices at the PIMCO Total Return ETF (NYSEArca: BOND).
The bond hits did not end there as PIMCO founder Bill Gross announced his departure from the firm and a new post with Janus Capital (NYSE: JNS) Friday. With that, we’ll start the biggest ETF stories of the week with bond funds.
Bond ETFs
BOND holds steady despite news of Bill Gross leaving PIMCO.
No significant impact on other ETFs following news of Gross’ PIMCO departure. [Other ETFs Endure Bill Gross News]
The SEC is investigating pricing practices at PIMCO’s BOND ETF, one of the largest actively managed ETFs. [BOND ETF Acts as Normal Amid PIMCO Probe]
Broad Market/Sector ETFs
Some sector ETFs are saying interest rates could soon rise. [These Sector ETFs are Saying Rates Could Rise]
What Alibaba’s ETF debut looks like. [Alibaba Enters its First ETF]
State Street is expanding its already big lead in sector and industry ETFs.