An exchange-traded fund horserace is under way and the purse -- courtesy of the Pimco Total Return Fund’s (PTRRX) outflows -- is $23.5 billion and growing. Fixed-income ETFs hauled in $7.5 billion last week, which was $6.5 billion more than their weekly average.
There's no way to pinpoint where exactly the cash is coming from. However, given no traumatic events in the bond market and the types of ETFs that brought in the cash, it isn’t a stretch to say most or all of it is Bill Gross fallout money...............................................Full Article: Source
|