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Rating:Pimco to Test Drive a New Vehicle Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, July 29, 2008

Pimco to Test Drive a New Vehicle

by: Erin Kello

Fixed income giant Pimco plans to try out a new product line. IndexUniverse reports that Pimco filed for exemptive relief Tuesday for bond ETFs, even though the filing was not yet available on the SEC's website. Tammie Arnold, a managing director at Pimco, confirmed that Pimco made the filing, telling the pub, "We think it's a very logical extension. We view the ETF as an important delivery mechanism for our strategies." Arnold added that the bond fund shop is considering both active and passive ETF strategies. 

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