Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

10301

PIMCO and Source launch BUND ETF

RELATED TOPICS​

PIMCO, an investment management firm, and Source, a provider of exchange-traded products, have launched the PIMCO German Government Bond Index Source ETF (BUND) on Deutsche Börse (XETRA).

BUND aims to track the Markit iBoxx EUR Germany Index.
 
BUND delivers exposure to the German government bond market.

The ETF uses PIMCO’s passive management to minimise tracking differences without the use of securities lending.
 
Ted Hood, chief executive of Source, says: “When investors look to reduce risk, the structure behind the investment vehicle – how it generates its returns – is as important as the choice of asset class. We are delighted to extend our partnership with PIMCO. The new BUND ETF combines the efficiency and liquidity of our ETF structure with PIMCO’s world-renowned expertise in managing bond portfolios.”
 
Michael Surowiecki, senior vice president at PIMCO and portfolio manager of BUND, says:  “The BUND market is over EUR1.1trn in outstanding issuance. German government bonds are a core investment position in most Europeans’ portfolios, and the BUND ETF provides access to PIMCO’s index replication and trade execution capabilities in government bonds."
 
BUND is registered for sale in the UK, Ireland, Austria, France, Finland, Germany, Italy (for institutional investors only), Netherlands, Norway and Sweden.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by