“Active ETFs may have some application when it is less about a basket of stocks but more about a macroeconomic view or an investment philosophy encapsulated into a product,” Ben Phillips of Casey Quirk, said. These types of investments can allow an investor to bet on a certain view on the future of an economy or the direction of a currency. [Three Things You Need to Know About Active ETFs]
The ticker for PIMCO Total Return ETF will be TRXT.
Tisha Guerrero contributed to this article.
Story updated to correct ticker for PIMCO Total Return ETF. Story also corrected to reflect the ETF will be able to invest in currency forwards.