Why Pimco’s Total Return ETF May Be A Better Bet (BOND)
The new Pimco Total Return Exchange-Traded Fund (NYSEARCA:BOND) is a “clear winner” than its namesake mutual fund cousin (PTTRX), says Matt Hougan, head of analytics at IndexUniverse. While both are led by Bill Gross in a similar , the ETF has been outperforming since launching in March.
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Pimco Total Return ETF (NYSEARCA:BOND)
The PIMCO Total Return Exchange-Traded Fund (BOND) is a diversified portfolio of high quality bonds that is actively managed in an effort to maximize return in a risk-controlled framework. BOND invests primarily in investment grade debt securities, and discloses all portfolio holdings on a daily basis. The average portfolio duration normally varies within two years (plus or minus) of the benchmark Barclays Capital U.S. Aggregate Index, and the fund may not use options, futures or swaps. The fund offers a core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market.