A Pimco Total Return ETF

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It had to happen eventually. Pimco’s widely accepted and top performing Total Return Fund will be soon available as an ETF, according to the WSJs (subscription required) “ETFs to Get a Pimco Star:”

Pacific Investment Management Co. plans to launch an actively managed version of its popular Pimco Total Return Fund overseen by founder Bill Gross, a move that may well turn the tide for actively managed ETFs.

In a Securities and Exchange Commission filing, the California bond fund giant applied to launch Pimco Total Return ETF, which will invest 65% of its assets in a diversified portfolio of bonds, primarily investment-grade debt of varying maturities.

The launch of an active ETF version of the $236 billion Pimco Total Return fund, the world’s largest fund, shows that most active strategies can be turned into ETFs and will likely be followed by more entrants among big-name active managers.

“It’s a game changer,” said Scott Burns, director of ETF analysis at Morningstar Inc. “This is the validation that this corner of the ETF industry has been waiting for. A large, prominent fund manager with a strategy that is the largest out there—anyone who says it can’t be done and won’t be done—those excuses are completely blown up right now.”

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ETF/No Load Fund Tracker updated through 4/21/2011

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ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2011/04/weekly-statsheet-for-the-etfno-load-fund-tracker%E2%80%94updated-through-4212011/

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Market Commentary

Friday, April 22, 2011

ETFS BUNGEE-JUMP BACK

So far, Monday’s sharp sell-off, caused by Standard & Poor’s outlook change on U.S. Government debt to negative, turned out to be a one-day event.

The major market ETFs bounced off Monday’s bottom and rallied to close the Holiday shortened week higher, with the S&P 500 gaining 1.3%. The S&P’s 50-day moving average offered support, and we ended up closing 1.32% above it.

Worries about inflation, and the global economy in general, including U.S. Government debt, helped the metals push to historical highs with gold conquering the $1,500 level, while silver jumped above $46.

The stock market shifted into overdrive on Wednesday supported primarily by blowout earnings by Apple, whose revenue now exceeds that of IBM. Technology in general provided the fuel for the strong market advance.

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Weekly StatSheet For The ETF/No Load Fund Tracker—Updated Through 4/21/2011

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ETF/Mutual Fund Data updated through Thursday, April 21, 2011

If you are not familiar with some of the terminology used, please see the Glossary of Terms.

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY— since 6/3/2009

As announced via a blog post, on 6/2/2009, the TTI triggered a buy signal with an effective date of 6/3/2009. We will use the 7% trailing stop loss of our positions as an exit point or the crossing of the trend line to the downside, whichever occurs first.

As of today, our Trend Tracking Index (TTI—green line in above chart) has broken above its long term trend line (red) by +4.79%.

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High Volume ETFs On The Cutline—Updated Through 4/20/2011

Ulli ETFs on the Cutline Contact

As reported last week, here’s a slightly different version of the original “ETFs On The Cutline” report. It includes only High Volume (HV) ETFs, which I define as those with an average daily volume of $10 million or higher.

These ETFs are generated from my selected list of 90 that I use in my advisor practice. It cuts out the “noise,” which simply means it eliminates those ETFs that I would never buy because of their volume limitations.

Short ETFs are not yet included but will be in the future. Take a look at the table:

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5 ETF Model Portfolios You Can Use—Updated through 4/19/2011

Ulli Model ETF Portfolios Contact

This past week has shown some volatility, especially with Monday’s pullback, but all model portfolios gained with the exception of the income portfolio, which dropped slightly.

Again, there is no right or wrong, or better or worse, when it comes to portfolios; the only thing that matters is what’s appropriate for your particular circumstances.

Let’s take a look at the first one:

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Mutual Funds On The Cutline—Updated as of 4/18/2011

Ulli Mutual Funds On The Cutline Contact

Here’s the latest update, which includes the cutline pricing information after yesterday’s sell off. What’s interesting is that 2 bear market funds have broken above the cutline and moved into the +12 and +13 placement positions.

The momentum figures clearly show that it’s too early to make a commitment to the short side. But when is the right time?

First, let’s take a look at the latest cut line table for mutual funds:

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