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Pimco, which made major waves when it launched its first exchange-traded fund in June, has introduced its second fund, the Pimco 1-5 Year U.S. TIPS Index Fund (STPZ). When Pimco filed to launch its 1-3 Year U.S. Treasury Fund (TUZ), it also filed for approval on six additional indexed ETFs, including: [click to continue…]
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Pacific Investment Management Co. (Pimco), the world’s largest bond manager, is making a run at the actively-managed ETF business, less than two months after launching its first passively-indexed fund. According to a filing with the SEC, Pimco plans to launch five new actively-managed ETFs, three of which will focus on bonds maturing in less than one year and two of which will invest in municipal bonds. ”ETFs are increasingly an important investor tool,” said Don Suskind, Pimco’s head of ETF product development. “By offering active ETFs, we believe there will be a broader set of investors that can access Pimco’s investment expertise.”
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After growing at a torrid pace in 2008, the ETF industry had showed signs of slowing down through the first four months of 2009. But May represented a return to old form, with more than $14 billion in new assets flowing into ETFs during the month according to Morningstar, the largest monthly inflow of the [...]
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In its first day of trading yesterday, PIMCO’s first ETF, the 1-3 Year U.S. Treasury Index Fund (TUZ), opened with a bang. While it would be foolish to read too much into one day’s activity, TUZ’s strong open must give the mutual fund giant hope that its entrance into the ETF arena will be a [...]
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Over the last several months, a number of actively-managed ETFs have been launched. These investment vehicles are essentially a hybrid of traditional mutual funds and ETFs, providing many of the benefits that have boosted the ETF industry (lower fees, greater transparency and flexibility, etc.), while implementing an active trading strategy in an attempt to outperform a market [...]
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Newport, California-based Pacific Investment Management Company (PIMCO) launched its first ETF today, becoming the latest mutual fund company to venture into the rapidly-expanding ETF industry. Unlike many new ETFs that have tried to attract capital by tracking previously uncovered niche indices (such as emerging markets sectors), PIMCO will compete directly with established funds, relying on [...]
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