The exchange-traded funds space has had its fair share of successful launches and flameouts this year.

Bill Gross' BOND fund has become the poster child of success, having gathered some $3 billion in assets in a little over seven months to become what some industry publications are calling the most successful actively managed exchange traded fund launch ever. BOND is the exchange-traded version of the PIMCO Total Return Fund, the world's largest mutual fund with about $278 billion in assets.

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