Mortgages, Treasuries Weigh on PIMCO Gross ETF in May

The PIMCO Total Return ETF (NYSEArca: BOND), by far the largest actively managed ETF with over $5 billion in assets under management, had a May to forget. The $293 billion PIMCO Total Return Fund, the mutual fund that inspired BOND, had it bad last month as well, losing 1.9%. However, BOND fared a...