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 next week.

Pimco's ETF aspirations came to light last year (see MFWire, 7/29/2008 and 9/4/2008). 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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