PIMCO ETF Filing is ‘May Day’ for Mutual Funds: Strategist
April 21, 2011 at 12:44 PM EDT
PIMCO filing for an exchange traded fund (ETF) version of Total Return Fund is the equivalent of “May Day” for the brokers in 1975 when stock commissions were deregulated, a strategist said Thursday. “There has been a lot of hesitation from the mutual-fund industry on actively managed ETFs because...