Accumulation shares available for Source Pimco ETFs
Accumulation shares have been launched for the $1.9bn Pimco Euro Short Maturity Source Ucits ETF (ticker: PJSR), and the $0.9bn Pimco Short-Term Yigh Yield Corporate Bond Index Source Ucits ETF (ticker: STYC), the firms have announced.
Peter Thompson, president at Source, said: “These new listings are both in response to demand from investors who are attracted to the funds but do not want the income to be distributed. The most efficient way to do this is rolling the bond payments back into the funds automatically. That way, the income is put back into invested assets rather than paying out in cash.”
The PJSR fund is “the largest actively managed ETF in Europe”. Listed on Xetra, it invests primarily in euro denominated investment grade corporate and government debt with short maturities.
The STYC fund is listed in London, and invests in US high yield securities with maturities of up to five years.