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SEC Probe of PIMCO May Not Be Red Flag

It is still too early to know for sure, but pricing discrepancies in the Total Return ETF could be driven by a number of factors and may not necessarily reflect improprieties by PIMCO, says Morningstar’s Michael Herbst.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The Wall Street Journal is reporting that the SEC is probing the pricing of securities in PIMCO's Total Return ETF. I'm here today with Michael Herbst, our director of active manager research in North America, to take a closer look at the story.

Michael, thanks for joining me.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.