Scorching might be the only way to describe it. In the seven months since its release, PIMCO Total Return ETF (BOND) has attracted $3 billion in assets, making it the fastest growing and largest actively managed ETF in the short history of the space.
In fact, the fund run by legendary bond manager Bill Gross is among “the 10 top-selling ETFs this year even though it wasn’t launched until March,” according to ETF Trends’ John Spence.
And that’s not all. PIMCO, with $1.8 trillion in total assets under management also has the No. 2 actively managed ETF by assets, PIMCO’s Enhanced Short Maturity Strategy. That ETF rings in with about $2 billion in assets. WisdomTree’s Emerging Markets Local Debt ETF is the third largest actively managed ETF with $1.4 billion in assets.
As one might expect, analysts describe PIMCO’s actively managed ETFs as validation for the actively managed argument overall.