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Editor's Note: As of the start of 2012, ETF Watch has transitioned to daily updates, rather than weekly.
FRIDAY, JUNE 8
Pimco Looks To Replicate BOND's Success Pimco filed for three actively managed ETFs that will seek to follow the model established by its Pimco Total Return ETF (NYSE Arca: BOND). BOND is a clone of the highly successful Pimco Total Return Fund, and has already gathered over $1 billion in assets since its March 1 launch. The new filings also outline ETFs that will be very similar to existing Pimco mutual funds; those funds to be replicated include:
- Pimco Real Return Fund (PRTNX), which has $23.24 billion in assets
- Pimco Low-Duration Fund (PTLAX), which has $21.28 billion in assets
- Pimco Diversified Income Fund (PDVAX), which has $5.63 billion in assets
The filing did not include tickers or expense ratios for the planned ETFs.
WEDNESDAY, JUNE 6
BNP Launches Broad Commodities ETF BNP Paribas rolled out its first U.S.-listed ETF, a commodities futures basket tracking a version of the S&P GSCI. The Stream S&P Dynamic Roll Global Commodities Fund (NYSEArca: BNPC) has a modified roll scheme that targets backwardated contracts in order to avoid or mitigate the effects of contango.
TUESDAY, JUNE 5
Global X Rolls Out 'GURU' ETF provider Global X launched an ETF that invests in the top U.S.-listed equity holdings of leading hedge fund managers. The Global X Top Guru Holdings Index ETF (NYSEArca: GURU) tracks an index provided by Structured Solutions AG that is built around the equity positions reported in 13F SEC filings. GURU carries an expense ratio of 0.75 percent.
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