PIMCO Total Return ETF Slipping Against Index as Rates Rise
June 21, 2013 at 10:24 AM EDT
Up until the past two months, PIMCO Total Return ETF (NYSEArca: BOND) manager Bill Gross was treating the Barclays Aggregate Bond Index like his own personal punching bag. However, the active ETF’s performance edge versus the benchmark has been slipping a bit recently as Treasury yields rise. Gross...