Gross to Change Ticker Symbol on Month-Old ETF to ‘BOND’
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Bill Gross, manager of the world’s biggest mutual fund, is changing the ticker symbol on his month-old Pimco Total Return Exchange-Traded Fund to BOND as he seeks to popularize the ETF among individual investors.
Pimco Total Return ETF was listed on the NYSE Arca exchange on March 1 under the ticker TRXT. The symbol BOND wasn’t available when Pimco first requested it during the application process, Gross said in a telephone interview from his office in Newport Beach, California. The firm was notified two weeks ago that it became available, Gross said.