PIMCO Total Return ETF Set to Launch on March 1
PIMCO sets a launch date for the ETF version of the popular mutual fund.
With little fanfare, PIMCO has announced that it is planning on March 1 to launch the long-awaited, actively managed exchange-traded fund version of its wildly popular fixed-income mutual fund, PIMCO Total Return Retail (PTRRX).
As we had noted yesterday in our ETF Weekly column, PIMCO and Bill Gross, its star fund manager (and PIMCO founder), have been awaiting one final regulatory hurdle before launching the ETF version of Total Return, and they were reported elsewhere to be "weeks away" from a launch. The move is viewed as a game-changer for actively managed ETFs, because Gross far and away would be the highest-profile fund manager to roll out a version of a mutual fund in an ETF wrapper.
Robert Goldsborough does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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