Pimco to start 19 active ETFs as Gross diversifies firm

Company to more than triple its line-up by offering variations of mutual funds

[NEW YORK] Pacific Investment Management Co (Pimco), the world's biggest bond manager, plans to start 19 actively managed exchange-traded funds (ETFs) as co-founder Bill Gross further diversifies the firm following chief executive officer Mohamed El-Erian's resignation last week.

Pimco will more than triple its active ETF line-up by offering variations of mutual funds such as Pimco Income, Pimco Unconstrained Bond, Pimco Municipal Bond and several StocksPlus and IndexPlus products, according to regulatory...

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