The first ETF from Pimco
is almost here. Dow Jones
' Ian Salisbury reports
that the Southern California-based bond fund specialists will launch the Pimco 1-3 Year U.S. Treasury Index Fund
Pimco's ETF aspirations came to light last year (see MFWire
). According to the WSJ, the new, nine-basis-point Pimco offering competes directly with iShares Barclays 1-3 Year Treasury Bond ETF
, which already boasts $7.1 billion and costs 15 bps.
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