25/01/2011
Pimco Source launches its first two ETFs in Frankfurt
p { margin-bottom: 0.08in; } On 24 January, Pimco Source launched its first two Irish-registered ETFs, which are listed exclusively in Frankfurt on the XTF segment of the Xetra platform from Deutsche Börse. These include the PIMCO European Advantage Government Bond Index Source ETF (IE00B5VJLZ27), which charges 0.30%. It replicates the PIMCO European Advantage Government Bond Index, which is weighted according to GDPs, so as not to give excessive weight to countries with high levels of debt, as capitalisation-based indices may do.The other new product is the PIMCO EUR Enhanced Short Maturity Source ETF (IE00B5ZR2157), which is actively managed, and whose benchmark is the Eonia index. This product charges 0.35%, and is aimed at investors who have significant cash positions and who would like to improve performance without losing sight of capital preservation and liquidity. The actively-managed portfolio includes diversified bonds with maturities that may range up to one year.
