Total Return ETF Launches
The ETF clone of the $250 billion PIMCO Total Return Fund, which is managed by Gross, started trading Thursday. [PIMCO ETF Puts Focus on Active ETFs]
It will be the first actively managed ETF backed by a highly visible and respected manager like Gross. [PIMCO Total Return ETF Set to Begin Trading Thursday]
The move could also shake up the mutual fund business and have an impact on how investment products are distributed. The ETF version of PIMCO Total Return Fund will let most individual investors gain access with lower fees. TRXT has an expense ratio of 0.55%. [All Eyes on PIMCO Total Return ETF Launch]