The BOND ETF has outperformed the Barclays Aggregate bond Index by more than 6.0% and its mutual fund counterpart by 4.0% since its inception.
Ryan Ely, an investment advisor at Capital Investment Advisors LLC, though, cautions there is no guarantee that the ETF would continue to outperform the flagship fund. Hodge attributes the current outperformance to the selection of securities and general volatility, but over the long term, he expects the two funds to generate the same performance. [PIMCO Bets on Growth in ETF Space]
PIMCO has also filed the initial paper work for ETF versions of the Real Return Fund (PRTNX), Low Duration Fund (PTLAX) and Diversified Income Fund (PDVAX).
For more information on active ETFs, visit our actively managed ETFs category.
Max Chen contributed to this article.