PIMCO is looking to add a trio of active bond exchange-traded funds to its portfolio.
Specifically, the PIMCO Real Return Exchange-Traded Fund will bet on inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments. The holdings’ duration will be within plus or minus three years of the Barclays U.S. TIPS Index, which has a duration of around 6.2 years. It has a net annual operating expense of 55 basis points and is jointly managed by Bill Gross and Mihir Worah.