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FBND - BOND: Another Attractive Opportunity From Pimco
Fidelity Total Bond
2025-06-19 01:07:20 ET
Thesis
All the large asset managers have issued active exchange-traded funds, trying to capture alpha by shadowing aggregate fixed income funds. We first covered the PIMCO ETF trying to achieve this feat two years ago here . The name is flat on a price basis since our rating, but has managed to deliver a large total return since....