PIMCO’s Total Return ETF (TRXT) To Debut In March

There are hundreds of exchange-traded products at various points in the product development pipeline, but perhaps none of the funds that could debut in 2012 are as highly anticipated as the PIMCO Total Return Exchange-Traded Fund (TRXT). The bond fund giant had previously filed for approval for an ETF version of the world’s largest bond mutual fund, and now seems set to begin trading the product in early March; according to a brief statement on the company’s Web site, Thursday March 1 will be the first day of trading for TRXT. The new ETF will be actively managed by Bill Gross, PIMCO’s founder and co-Chief Investment Officer. Gross is perhaps the best-known and most respected bond investor in the world, boasting an impressive track record of fixed income management. Launched in 1987, the Total Return Fund has accumulated nearly $250 billion in assets. Since inception, the mutual fund version has [...] Click here to read the original article on ETFdb.com. Related Posts: Where The ETF Money Is Flowing (The Answer Might Surprise You) The 18 Most Successful New ETFs Of 2011 November ETF Stats: Small Step Back How ETF Investors Can Save $415 Million (Without Breaking A Sweat) Schwab Debuts Cheapest Ever Bond ETF (SCHZ)