Bond giant PIMCO has filed with the Securities and Exchange Commission to introduce an ETF that would be managed by Bill Gross. Morningstar first reported on PIMCO’s ETF filing, which can be found here.
The fund, called PIMCO Total Return ETF, would be actively managed and not seek to replicate an index, according to the filing. It would typically invest at least 65% of its total assets in a diversified portfolio of fixed-income securities of varying maturities, according to paperwork PIMCO filed with the SEC.
Gross runs the world’s biggest bond fund, PIMCO Total Return Fund.