Don't be surprised if another new Pimco [profile] ETF launches this year. Reuters reports that Allianz board member Jay Ralph told a German newspaper he expects the bond giant to follow its successful launch of the Total Return ETF this March with "at least " one more ETF later this year.

Ralph told the German weekly Euro am Sonntag: "I would not be surprised if there was at least one more this year. After all, the Total Return ETF has already gathered $1.3 billion."

No surprise here -- last week MFWire reported that the Newport Beach-based fund giant has filed paperwork to create three new ETFs out of their actively managed funds.

Ralph also told the German weekly that Pimco has no plans for a passively managed ETF.

Allianz owns Pimco. 

Edited by: HFD


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