PIMCO, a leading global investment management firm and Source, a specialist provider of exchange traded products, have launched the PIMCO German Government Bond Index Source ETF (“BUND“), which is listed on Deutsche Börse (XETRA). BUND aims to track the Markit iBoxx € Germany Index……
Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy
Ted Hood, CEO of Source commented on the launch: “When investors look to reduce risk, the structure behind the investment vehicle – how it generates its returns – is as important as the choice of asset class. We are delighted to extend our partnership with PIMCO. The new BUND ETF combines the efficiency and liquidity of our ETF structure with PIMCO’s world-renowned expertise in managing bond portfolios.”
Michael Surowiecki, Senior Vice President at PIMCO and Portfolio Manager of BUND, said: “The BUND market is over €1.1 trillion in outstanding issuance. German government bonds are a core investment position in most Europeans’ portfolios, and the BUND ETF provides access to PIMCO’s index replication and trade execution capabilities in government bonds.”
BUND is registered for sale in the UK, Ireland, Austria, France, Finland, Germany, Italy (for institutional investors only), Netherlands, Norway and Sweden.
The PIMCO German Government Bond Index Source ETF marks the seventh addition to the physically invested PIMCO Source range of ETFs launched last year comprising the MINT strategies – Europe’s first actively managed ETFs – and the forward-looking GDP-weighted fixed income ETF strategies designed to deliver better optimised replication of emerging market local government bond and European government bond benchmarks.
Source: ETFWorld.co.uk – Source- PIMCO
Subscribe to Our Newsletter
