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.  
Edited by:
Hung Tran
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