Bond investors pumped over $2 billion into PIMCO Total Return Fund in July while the exchange traded fund version also managed by Bill Gross was among the top-selling ETFs last month.
The $263 billion mutual fund experienced its seventh straight month of net inflows with investors contributing $8 billion for the year through July 31, Bloomberg News reports.
Meanwhile, PIMCO Total Return ETF (BOND) has logged net inflows of $534.1 million for the trailing month, according to XTF.com. [PIMCO Total Return Paves the Way for More Active ETFs]
BOND has gained 8.3% since the ETF started trading on March 1, nearly twice the 4.7% return for PIMCO Total Return Fund, according to the Bloomberg report.
“Because the ETF is still much smaller than the mutual fund, it can snap up notes with the biggest potential returns,” it said. “PIMCO Total Return Fund, while trailing its ETF version, is outperforming 98% of similarly managed mutual funds this year and over five years.” [PIMCO Total Return ETF Hits $2 Billion Asset Mark]
BOND holds assets of $2.3 billion.
PIMCO Total Return ETF