A new active ETF issued by PIMCO Fixed Income Source ETFS plc has been tradable in the XTF segment on Xetra since Friday.
Name: PIMCO Low Duration Euro Corporate Bond Source UCITS ETF
Asset class: active bond index ETF
ISIN: IE00BP9F2J32
Total expense ratio: 0.39 percent
Distribution policy: distributing
The PIMCO Low Duration Euro Corporate Bond Source UCITS ETF enables investors to participate in the performance of corporate bonds issued in euro via an actively managed ETF.
At least 90% of the investment portfolio underlying the active ETF consists of investment grade 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.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,041 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.