Bond investors pumped over $2 billion into PIMCO Total Return Fund in July while the exchange traded fund version also managed by Bill Gross was among the top-selling ETFs last month.
The $263 billion mutual fund experienced its seventh straight month of net inflows with investors contributing $8 billion for the year through July 31, Bloomberg News reports.
Meanwhile, PIMCO Total Return ETF (NYSEArca: BOND) has logged net inflows of $534.1 million for the trailing month, according to XTF.com. [PIMCO Total Return Paves the Way for More Active ETFs]
BOND has gained 8.3% since the ETF started trading on March 1, nearly twice the 4.7% return for PIMCO Total Return Fund, according to the Bloomberg report.