PIMCO Launches Two New Bond ETFs (BABZ, CORP)

As the ETF world continues to expand at a tremendous pace, more and more traditional mutual fund companies are expanding ETF lineups in an attempt to capture a piece of a rapidly-growing pie. Bond fund giant PIMCO was late to the ETF game, but has made quite an impact since rolling out its first exchange-traded funds just last year. One of the world’s most prominent bond fund managers, PIMCO is perhaps best known for the Total Return Fund, which has close to $250 billion in assets and is by far the world’s largest mutual fund. However, in 2008 PIMCO registered with the SEC to enter the ETF market and now has 10 funds currently available to investors. Not surprisingly, these funds focus in on the company’s fixed income expertise, and now maintain more than $1.25 billion in aggregate assets. By far the most popular of the funds in the company’s [...] Click here to read the original article on ETFdb.com. Related Stories: PIMCO Preps To Boost Bond ETF Lineup State Street Launches Build America Bond ETF (BABS) PIMCO Launches MUNI Bond ETF