New bond index ETF from PIMCO Fixed Income Source launched on Xetra

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A new equity index fund issued by PIMCO Fixed Income Source has been tradable on Xetra since Monday.   ...

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     ETF name: PIMCO German Government Bond Index Source ETF

    Asset class: bond index ETF
    ISIN: IE00B87LHK09
    Total expense ratio: 0.15 percent
    Distribution policy: distributing
    Benchmark: Markit iBoxx € Germany Index

    The PIMCO German Government Bond Index Source ETF enables investors to participate in the performance of German government bonds denominated in euros with a residual maturity of at least one year and an outstanding volume of at least €2 billion.  

    The product offering in Deutsche Börse’s XTF segment currently comprises a total of 985 exchange-listed index funds, while the average monthly trading volume stands at €12 billion.  

    Source: ETFWorld – Deutsche Boerse