Accumulation shares available for Source Pimco ETFs

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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.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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