Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pimco Makes Its ETF Launch Official Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 02, 2009

Pimco Makes Its ETF Launch Official

News summary by MFWire's editors

Pimco officially announced Tuesday the launch of its ETF platform. The first offering on the platform is the PIMCO 1-3 Year U.S. Treasury Index Fund.

Pimco CEO and co-CIO Mohamed El-Erian stated that, "By launching our first ETF today, Pimco is diversifying the range of products that we offer to both long-standing and new clients around the world."

The MFWire has reported over the past few weeks on the media coverage surrounding the bond fund launch. (See MFWire, 6/1/2009 and 5/29/2009).


Company Press Release

NEWPORT BEACH, CA--(Marketwire - June 02, 2009) - PIMCO, a leading investment management firm, has launched PIMCO ETFs, a new Exchange Traded Fund (ETF) platform that gives investors an additional way to tap into the firm's four decades of investment experience. The first ETF offering on this platform is the PIMCO 1-3 Year U.S. Treasury Index Fund, a short-duration bond portfolio for investors that are focused on relatively stable principal value and avoiding credit risk.

"PIMCO's new ETF platform provides investors with broader access to investment management services," said Mohamed A. El-Erian, PIMCO's Chief Executive Officer and Co-Chief Investment Officer. "By launching our first ETF today, PIMCO is diversifying the range of products that we offer to both long-standing and new clients around the world."

The PIMCO ETFs platform will benefit from the same investment expertise and discipline that are the foundation of PIMCO's portfolio management process, including:

-- Deep investment experience and world-class portfolio management
-- A sophisticated approach to constructing desired market and portfolio exposures
-- Strong risk management at both the security level and the portfolio level
-- Exceptional trade execution capabilities
TUZ: A Portfolio Building Block Covering the "Two's" Bellwether Rate

PIMCO's first ETF offering, with the ticker symbol TUZ, is designed to track the Merrill Lynch 1-3 Year U.S. Treasury Index(1). This fund primarily invests in U.S. Treasury Securities, which are backed by the full faith and credit of the U.S. government. With maturities ranging from one to three years, price fluctuations may be low relative to longer-dated bonds, yet yields may be generally higher than shorter-term instruments such as Treasury bills or government money market funds.

More information on PIMCO's ETF business, along with data on the PIMCO 1-3 Year U.S. Treasury Index Fund, can be found at www.pimcoetfs.com.

About PIMCO
PIMCO, founded in 1971, is a global asset management firm that manages investments for an array of clients, including retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal and union pension and retirement plans whose beneficiaries come from all walks of life, from educators to healthcare workers to public safety employees. We have a substantial individual investor client base, and work in partnership with financial intermediaries such as Registered Investment Advisors, broker/dealers, trust banks and insurance companies. We are also advisors and asset managers to central banks, corporations, universities, foundations and endowments. With offices in North America, Europe, Asia and Australia, we manage investments across a full spectrum of global financial markets. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.  

Edited by: Meredith Mazzilli


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use