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TUZ

At the beginning of June, Newport, California-based Pacific Investment Management Company (PIMCO) made waves in the ETF industry by launching its first exchange-traded fund, the 1-3 Year U.S. Treasury Index Fund (TUZ). While new ETFs are a common (seemingly weekly) occurrence in the industry, PIMCO’s launch drew a significant amount of attention because it represented the initial foray into the ETF space of one of the largest and best-known fixed income managers in the world. In its first month of trading, TUZ has been well received by investors, attracting significant funds and generating sufficient trading volumes to ease any fears of illiquidity. Now, given the success of its initial fund, PIMCO may soon be ready to add more ETFs to its lineup. [click to continue…]

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PIMCO ETF Open: Arbitrageurs Boosting Volume?

by Michael Johnston on June 3, 2009

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 successful one. [click to continue…]

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Fearless Predictions for PIMCO’s ETF Launch

by Michael Johnston on June 2, 2009

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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