Gross: Pimco will launch 'number' of active ETFs

Pimco founder Bill Gross has said the investment manager is already considering launching more actively managed exchange traded funds (ETFs), around a month after the launch of the Total Return ETF billed as a game changer for the industry.

During an interview with US broadcaster CNN, Gross said he had so far been pleased with the performance of the ETF which is based on Pimco's flagship $250 billion Total Return  mutual fund, and hinted that more ETF launches were in the pipeline.

'We're not going to rest on this one,' Gross (pictured) said, adding that Pimco is busy laying the groundwork for a 'number' of actively managed ETFs.

Gross said that future launches are likely to focus on mortgaged backed securities and corporate debt.

Since coming to market on 1 March, Pimco's Total Return ETF has gained 1.7%, versus modest declines by its nearest peers.

Unlike the wider actively managed ETF space the instrument has also succeeded in attracting a large number of assets, pulling in $270 million since inception, making it the sixth largest ETF of its kind.