PIMCO and Source have launched the PIMCO Emerging Markets Advantage Local Bond Index Source ETF (“EMLB”). The fund offers high quality, diversified exposure that is representative of the countries driving emerging markets growth. Unlike many existing emerging market (EM) local debt indices, EMLB’s underlying index bases country allocation on national income (GDP) and a country’s capacity to service its debt. This results in significant allocation to key global economies, including China and India.…
Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
Click here to register for your free copy
According to Chris Getter, Senior Vice President and Emerging Markets Product Manager at PIMCO, GDP weighting is particularly appropriate for global bond investing: “Unlike traditional debt market capitalisation indices, which reflect past patterns of issuance, PIMCO’s GDP weighting is forward‐looking. It emphasises growing economies with strong fundamentals where there may be new opportunities.”
Source: ETFWorld – Pimco
Subscribe to Our Newsletter
