Meanwhile, PIMCO has attracted investment interest through focusing on actively managed ETF products.
Douglas Hodge, chief operating officer at PIMCO, explains that PIMCO’s strategy is to use ETFs to utilize the company’s “culture of innovation and thought leadership.”
PIMCO has successfully adapted its flagship Total Return fund into an ETF, the PIMCO Total Return ETF (NYSEArca: BOND), which has gathered $4.5 billion in assets since it started trading last year. [PIMCO Total Return ETF Nears One-Year Anniversary]
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.