Pimco Corporate Bond ETF launch on Xetra
Pimco has announced the launch of its Pimco Low Duration Europe Corporate Bond Source Ucits ETF, an actively managed product to b traded on Deutsche Boerse’s platform Xetra with immediate effect.
The ETF aims to enable investors to participate in the performance of corporate bonds issued in euro. Up to 20% of the fund assets can be invested in the emerging markets region.
The currency risk may amount to up to 10% due to corporate bonds not denominated in euro. The average duration ranges from zero to four years.