PIMCO Just Replaced the Managers of Bill Gross’ Former Bond Fund

Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF.

The fund’s new name will be the Pimco Active Bond ETF and its managers--Scott Mather, Mark Kiesel and Mihir Worah--are being replaced by David Braun, Jerome Schneider and Daniel Hyman.

The ETF’s...

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