Fixed income giant Pimco
plans to try out a new product line. IndexUniverse
reports that Pimco filed for exemptive relief Tuesday for bond ETFs, even though the filing was not yet available on the SEC's website. Tammie Arnold
, a managing director at Pimco, confirmed that Pimco made the filing, telling the pub, "We think it's a very logical extension. We view the ETF as an important delivery mechanism for our strategies." Arnold added that the bond fund shop is considering both active and passive ETF strategies.
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