World’s biggest fund getting ETF version
Call it Pimco Total Return 2.0. The world’s largest mutual fund, run by star bond trader Bill Gross, will soon also be available to investors as an exchange-traded fund. The March 1 launch could further challenge a mutual fund industry that’s already losing investors to fast-growing ETFs. For many individual investors, it will present a chance to invest in Gross’ historically successful Total Return strategy for substantially lower fees.