Pacific Investment Management Co. [see profile]
is teaming up with Source UK Services Ltd., a provider of ETFs, to launch and market fixed-income exchange-traded funds to European investors, Bloomberg reports
The first ETFs will debut in early 2011.
"Both parties recognize that European investors need a better choice of well-engineered fixed-income ETFs," Don Suskind
, Pimco's head of ETF product management, told Bloomberg.
Pimco is expanding its lineup with actively managed equity funds and ETFs to broaden its range of investment products outside the U.S.
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