The SPDR DoubleLine Total Return Tactical ETF posted roughly $100 million of inflows in July, gaining more ground over the Pimco Total Return Active Exchange-Traded Fund in total assets under management, according to Morningstar data on Wednesday. The Pimco Total Return Active ETF, an actively managed intermediate-term ETF intended to mimic the strategy of Pimco's flagship mutual fund and once run by Pimco co-founder Bill Gross, posted net outflows of $5.4 million in July, leaving its assets under management at $2.59 billion. By comparison, the SPDR DoubleLine Total Return Tactical ETF, also known as TOTL, led by Jeffrey Gundlach, Philip Barach and Jeffrey Sherman, ended July with $2.76 billion in assets under management.
As of July 1, the IELG consisted of 109 individual stocks, with the information technology sector accounting for about 30% of the overall construct.
BlackRock, Inc. plans to close and liquidate the following U.S. iShares ETFs based on an ongoing process to review its product lineup and ensure it meets the evolving needs of its clients.