MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, May 21, 2012 Total Return Outperforms Total Return The Pimco Total Return ETF [profile],Bill Gross' experiment, launched on March 1 and has outperformed its $260 billion mutual fund counterpart, reports the Financial Times. Dan McCrum writes that Morningstar data shows that the Pimco ETF has returned 4.8 percent since March 1, compared to the mutual fund it was based on, which returned just 1.9 percent. Timothy Strauts, Morningstar ETF analyst, told the FT, “You are getting the best ideas of Pimco. They had time to say: we are starting fresh with a new portfolio, what bonds are we going to put into it?" The $870 million ETF is comprised of around 300 securities, while the mutual fund has more than 19,000. Printed from: MFWire.com/story.asp?s=40065 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |