WSJ journal reports that the Vanguard Total Bond Market Index fund has replaced Pimco Total Return (under new management replacing "Bond King"Bill Gross)
Seems many investors have not followed Bill Gross to Janus Funds. Nor have they flocked to Doubline manager Jeffrey Gundlach's proclaimed by many to be the new "Bond King as in a Bloomber artic. \They moved to the Vanguard's index fund. This despite the creation of an ETF.under Gunlanch's management.
It seems investors realize that a core bond holding should be more than a big bet on a star managers future successes. Items like these below no doubt contributed to their thinking.
Learning that their fund manager might hold big short positions on German Bunds like Bill Gross(and find out via a tweet)
or Puerto Rican mutual bonds like Jeff Gundlach J
This is an active managed bond ETF, with bonds picked by Gundlach's team. It will consist mostly of investment grade debt like U.S Treasurys and various flavors of mortgage-backed securities, but it could also include corporate high yield debt, and even some emerging market debt. This is active management...so Gundlach and his team can change the investment mix.