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PIMCO is planning to launch a Total Return bond exchange-traded fund that will be managed by Bill Gross and disclose its holdings daily rather than monthly, a filing with the Securities and Exchange Commission shows.

“We have advocated for an [ETF of Total Return] under the argument that the fees for retail investors could be lower, the tax efficiency could be higher and the fund distribution channel is open to all,” said Morningstar analyst Robert Goldsborough.

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