There was a time not that long ago when investors harbored significant concerns over including fixed income ETFs within their portfolio. When the first bond ETFs were introduced many were uncertain that the marriage of fixed income and the exchange-traded structure would be an efficient and productive one. But as these securities have build a track record the investor comfort level has skyrocketed, along with total fixed income assets. [click to continue…]
By most measures, Charles Schwab’s venture into the ETF space is off to a pretty good start; at the end of March, Schwab’s eight ETFs had aggregate assets of more than $950 million. All of the San Francisco-based firm’s existing ETFs track equity indexes, but that could change in coming months. Schwab recently filed details [...]
Whenever a company prepares for a public offering, executives have been known to spend an inordinate amount of time choosing the combination of letters that will serve as the company’s ticker and often nickname within the investment community. To many, the fixation on selecting the perfect ticker seems like an irrational obsession on par with [...]
The reasons for the rise of the ETF industry are numerous: intraday liquidity, (potentially) superior tax efficiency, and enhanced transparency relative to traditional actively-managed mutual funds have all contributed to the billions of dollars of inflows that these funds have seen in recent years. But the real attraction for most ETF investors is the reduced [...]
The ETF industry picked up steam in November, with several highly-anticipated funds coming to market and multiple issuers disclosing new details on innovative products that could be launched in 2010. The biggest news for the month was the entrance of Charles Schwab into the industry with the launch of four ETFs in early November. Debuting [...]
PIMCO, the Newport Beach, California-based bond fund giant, launched its latest exchange-traded fund on Wednesday, the Intermediate Municipal Bond Strategy Fund. The new ETF, which comes with an expense ratio of 35 basis points, will trade under the ticker MUNI, which was somehow still available. The ETF will be managed by John Cummings, the company’s [...]
Newport Beach, California-based PIMCO, one of the largest bond fund companies in the world, has made two additions to its small but growing line of fixed income exchange-traded funds. The PIMCO 3-7 Year U.S. Treasury Index Fund (FIVZ) completes the lineup of products covering key rate segments of the Treasury market, fitting between PIMCO’s 1-3 [...]
PIMCO, the bond fund giant that has recently made a splash in the ETF industry, is set to expand its line of U.S. Treasury ETFs, planning the introduction of two new funds: the PIMCO 3-7 Year U.S. Treasury Index Fund (FIVZ) and the PIMCO 20+ Year Zero Coupon U.S. Treasury Index Fund (ZROZ). FIVZ will [...]
