|Bid||106.62 x 500|
|Ask||106.64 x 300|
|Day's Range||106.50 - 106.72|
|52 Week Range||102.11 - 107.65|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.55%|
Technology and ETFs go hand in hand, with digital innovations from algorithms to back-office software to distribution reshaping not only the way we invest, but the way the industry meets those investor demands.
Greenspan cites rapid inflation growth as the reason for a bond market collapse. But the markets and Fed officials think otherwise.
The debate has spawned side arguments, such as whether some passive funds are really active management in disguise, or whether the debate should be reframed along the lines of high-cost versus low-cost funds. For an optimal portfolio, think in terms of active and passive. A bundle of new research points to useful strategies for using active or passive funds. The firm, long known for its index products, has $2.9 trillion in index funds, including $757 billion in exchange-traded-fund assets.
Unlike active stock pickers, the best managers from the likes of PIMCO, DoubleLine, Guggenheim and Loomis Sayles have proven track records of adding value for their investors versus a passive benchmark. Look back through my blog and you will see numerous references to some of my favorite funds like the DoubleLine Total Return Bond Fund (MUTF:DBLTX) or the PIMCO Income Fund (MUTF:PONDX). More recently, we have focused on their complimentary exchange-traded fund portfolios via the PIMCO Active Bond ETF (NYSEARCA:BOND) and the SPDR DoubleLine Total Return Tactical ETF (NYSEARCA:TOTL).
What to do about a fixed-income allocation remains a lingering question for many investors. On one side, the 30-plus-year bond rally is said to be over, and the outlook for returns in bonds is on the decline. On the other hand, Treasury yields continue to drop even as the Federal Reserve remains committed to pushing rates higher (yields drop when bond prices rise). So far this year, 10-year Treasury yields have slipped 5.3%.
According to Don Schreiber Jr., passive ETFs are weapons of mass destruction. "Passive [investing] is probably one of the most dangerous things I've seen in my 35-year career," said the founder, CEO and co-portfolio manager of the $1.8 billion WBI Investments. That, in large part, stems from transparency. Knowing an ETF's full basket of securities gives investors a false sense of security, says Schreiber, and encourages herd mentality.
Compiled by ETF.com Staff Model ETF Portfolios Get A Fixed-Income Overhaul (Morningstar)Impending changes at the PIMCO Total Return ETF (BOND) prompt changes in these portfolios' bond stakes.
New York (Reuters) – Star bond fund manager Bill Gross has reached a roughly $81 million settlement of his lawsuit accusing his former employer Pacific Investment Management Co. of forcing him to resign so that his bonus could be divided among others. Terms of the accord were not disclosed by Gross or PIMCO, but were confirmed by two people familiar with the matter who asked not to be named because of confidentiality concerns.
Compiled by ETF.com Staff US Jobs, Wages Show Solid Gains In Trump's First Full Month (Bloomberg)U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing.
New York (Reuters) – Pacific Investment Management Co. (PIMCO) is replacing the full slate of managers on its PIMCO Total Return Active ETF (BOND), a spokeswoman for the fund management company said on Wednesday, marking the latest change for what was once the largest actively managed ETF.
Several fund companies have submitted proposals with the SEC to launch actively managed ETPs that skirt daily portfolio transparency.
The 10th annual conference is estimated to attract 2,200 investors, financial advisors and ETF issuers.
A reader recently sent me a question asking why you would own a bond fund when interest rates are on the move higher. This type of sentiment is more than likely on the minds of many investors as they prepare for 2017 and evaluate adjustments to their asset allocation. The short answer is that every […]
The headline last night seems like a big deal: PIMCO is paying a $20 million fine to the SEC because it engaged in some less-than-obvious bond pricing strategies, which had the effect of boosting the headline performance of their flagship PIMCO Total Return Active ETF (BOND), particularly in 2012.
After a massive U.S. government bond selloff, an interest rate hike almost guaranteed before the end of the year and global deflationary pressure on global currencies, questions about where the bond markets ...
There are four actively managed total return bond ETFs on the market today, each seeking to outperform the Bloomberg Barclays US Agg, iShares Core U.S. Aggregate Bond ETF (AGG), while offering investors a nimble, tactical approach to fixed-income investing.