Capitalizing on investors’ thirst for low duration fixed income ETF, PIMCO introduced the PIMCO Low Duration Exchange-Traded Fund (NYSEArca: LDUR) in January. LDUR, with an effective duration of 1.77 years, has $140.3 million in assets. The fund is managed by Jerome Schneider, who also manages the PIMCO Enhanced Short Maturity ETF (NYSEArca: MINT), the largest actively managed ETF.
“Despite the upheaval at PIMCO, we see no cause for concern with LDUR, as Schneider has been and continues to be the manager of the ETF, which aims for an average portfolio duration of one to three years based on PIMCO’s forecast for interest rates,” said Morningstar analyst Robert Goldsborough in a new research note.
In terms of successful new ETFs from a single issuer, it is hard to top active manager WBI Investments. The New Jersey-based rolled out 10 active ETFs in July, quickly running to $1 billion in combined AUM. All 10 ETFs are on the Morningstar list of new ETFs with at least $75 million in assets. Led by the WBI Tactical Income Shares (NYSEArca: WBII), six of those 10 have over $100 million in assets.
First Trust Dorsey Wright Focus 5 ETF