Pimco under accusation: it rigged the super ETF

Pimco Total Return, the super ETF managed by the US investment giant, has ended up in the sights of the Sec. The management company has received a notification from the American Consob for some alleged irregularities in the methods of evaluating the bonds in the portfolio. 

In particular, to give life to the investigation of the Sec was Pimco's assessment of some securitized bonds, guaranteed by mortgage loans and purchased between the end of February and the end of June 2012. According to the Authority, this assessment affected the performance of the funds, inflating their yields and attracting new subscribers.

Also thanks to these valuations, Pimco Total Return, which until the beginning of 2012 had recorded results below the sector average, has begun to offer very high returns, over 6,2%, approximately double the benchmark. In the light of these results, the ETF's assets under management quickly increased from about 100 million to 3,6 billion dollars.