Pimco ETF Trading Belies Asset-Price Concern: Chart of the Day
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Concern that the Pimco Total Return exchange-traded fund may have inflated the value of its holdings has yet to have much effect on the ETF’s trading.
As the CHART OF THE DAY shows, the fund’s shares closed above their net asset value 69 percent of the time since June, according to data compiled by Bloomberg. The biggest premium, 0.37 percent, occurred on Aug. 1. Yesterday, the ETF’s price dropped 0.3 percent as bonds fell.