LAUNCH: Six months ago, star bond trader Bill Gross launched an exchange-traded fund version of the PIMCO Total Return mutual fund. It was highly anticipated, due to Gross' credentials and the strong record of the world's largest mutual fund.
PERFORMANCE: From March 1 through Aug. 27, the ETF returned nearly 8.4 percent and has already grown to $2.5 billion in assets.
INVESTMENT DECISION: Although the Total Return ETF is performing better than its counterpart mutual fund, that's expected to even out over time. Anyone considering switching has several factors to consider, among them, portfolio and operational differences.