![PIMCO launches into the unknown](https://www.benefitscanada.com/wp-content/uploads/sites/7/2012/03/crystal-ball.jpg)
Last week, we saw the launch of one of the most hyped ETFs ever – PIMCO debuted an exchange-traded version of its Total Return Bond Fund (TRXT), the largest bond fund in the world. Top manager Bill Gross is set to manage it, giving this ETF a serious dose of star power. The move could, according to Gross, either push the bond firm flat on its face, or become a game changer in the fund management space. Either way, financial columnists, advisers and managers have weighed in on what PIMCO’s move means for the future of ETFs.
Here’s my top five list of what the launch of TRXT might (or might not) mean for the future of ETFs.