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Two new PIMCO Source bond index ETFs on corporate bonds launched on Xetra

ETFs track performance of short-term, euro-denominated corporate bonds rated below investment grade…

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Two new exchange traded funds issued by PIMCO Source have been tradable on Xetra and Börse Frankfurt since Friday.

The two bond index ETFs enable investors to participate in the performance of short-term, euro denominated corporate bonds issued within the euro zone or the euro bond market with a rating below investment grade. The index components must also have a fixed coupon and an outstanding amount of at least EUR 250 million. Investors can choose a policy of either distribution or accumulation.

Name: PIMCO Euro Short-Term High Yield Corporate Bond Index Source UCITS ETF EUR Acc
Asset class: bond index ETF
ISIN: IE00BD8D5G25
Ongoing charges: 0.44 percent
Distribution policy: accumulating
Reference index: BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield
2% Constrained Index

Name: PIMCO Euro Short-Term High Yield Corporate Bond Index Source UCITS ETF EUR Inc
Asset class: bond index ETF
ISIN: IE00BD8D5H32
Ongoing charges: 0.44 percent
Distribution policy: distributing
Reference index: BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield
2% Constrained Index

Source: ETFWorld

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