PIMCO Files To Replicate Mutual Funds

With reporting season well underway, the markets have enjoyed a strong upswing after a majority of sectors outperformed themselves. Following a wave of filings and launches over the last two weeks, this week was a relatively slow one for new ETFs. Just one firm announced plans for a new set of funds, which we could see as early as this summer [see ETF Database Launch Center]. Looking to replicate its success with , PIMC has planned more funds based on their existing mutual funds: The Diversified Income ETF: With BOND having one of the best returns for a new ETF in the history of the industry, PIMCO is continuing this strategy of mutual funds converted to ETFs. The Diversified Income Fund will be 10-years old this summer, and it has been one of the most popular mutual funds since its inception, due to its strategy of favoring a number of high potential [...] Click here to read the original article on ETFdb.com. Related Posts: Aggregate Bond ETFs: Closer Look Under The Hood 10 Most Successful New ETFs ETFs Then And Now SEC Ruling: Active ETFs Now Allowed To Use Derivatives This Week In ETFs: December 2nd Edition