Pure actively managed ETFs haven’t really made a big splash in the industry. One reason could be that a highly recognized portfolio manager hasn’t entered the space. That changes instantly, of course, with an ETF overseen by Gross. [Active ETFs Seen Taking Off in 2012]
Pimco filed to launch an ETF version of Total Return Fund in April. [Pimco Files for Total Return ETF]
In July, the Newport Beach, Calif.-based investment manager said the ETF would charge a management fee of 0.55% of assets. [Pimco Discloses Fees for Total Return ETF]
A Pimco spokesman didn’t immediately return a call seeking comment on Friday.
Pimco Total Return Fund
