PIMCO rolls out two active fixed income ETFs

Jun 27th, 2023 | By | Category: Fixed Income

Fixed income ETF specialist PIMCO has launched two new actively managed funds targeting credit markets and short-term US government securities.

Greg Hall, Managing Director and Head of PIMCO US Global Wealth Management

Greg Hall, Managing Director and Head of PIMCO US Global Wealth Management.

The PIMCO Multisector Bond Active ETF (PYLD US) and PIMCO Ultra Short Government Active ETF (BILZ US) have been listed on NYSE Arca with expense ratios of 0.55% and 0.14%, respectively.

Greg Hall, Managing Director and Head of PIMCO US Global Wealth Management, commented: “These two additions to our ETF line-up reflect our patient and deliberate approach to creating new products. Our philosophy is to introduce ETF solutions where we see long-term investment opportunities and where we are confident we can add value for our clients.”

The PIMCO Multisector Bond Active ETF is managed by a team of portfolio managers headed up by Dan Ivascyn, Managing Director and Group Chief Investment Officer at PIMCO.

It is a benchmark-agnostic fund that invests across investment-grade and high yield fixed income sectors globally, emphasizing strategic, long-term investments to maximize yield potential while seeking long-term capital appreciation.

Dan Ivascyn said: “The dramatic repricing of fixed income markets over the last 18 months is the beginning of what we believe is a secular shift in global markets in which a less certain, less synchronized world creates tremendous opportunities for flexible, multi-sector investors with a long-term investment horizon. The rapid rise in short-term rates, meanwhile, has also disrupted traditional ways of investing cash as investors look to capture more yield.”

The PIMCO Ultra Short Government Active ETF, meanwhile, invests in high-quality US government and government-related short-term assets and cash in an effort to maximize yield while also aiming to preserve capital for investors who are looking to move out of traditional cash investments.

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