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Rating:UBS Purchases AIG Index Used by Pimco Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 20, 2009

UBS Purchases AIG Index Used by Pimco

Reported by Sean Hanna, Editor in Chief

The benchmark index for Pimco's Commodity Real Return Fund is changing hands. On Monday, UBS Investment Bank officials signed a deal to purchase AIG Financial Products Corp. from AIG for $15 million in cash and up to $135 million in deferred payments based on the units earnings over the next 18 months.

The deal includes the DJ-AIG Commodity Index. That index serves as the benchmark for Pimco's fund along with an iPath ETN offered by Barclays Global Investors.  

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