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Wednesday, April 25, 2012

Pimco Plans an Inflation-Linked ETF

News summary by MFWire's editors

Pimco [profile] will add another offering next week. Bloomberg reports that its sixth actively-managed ETF will focus on investing in global inflation-linked government bonds in local currencies.

Mihir Worah, managing director and head of Pimco's real return portfolio management team told Bloomberg that the Global Advantage Inflation-Linked Bond Strategy Fund will trade on May 1 under the ticker symbol ILB. The new ETF will invest 70 percent in emerging developed markets and 30 percent in emerging markets.

"The inflation in bond markets are somewhat inefficient, which gives a fair amount of opportunity to active managers to outperform," Worah said. Central bank policies that are creating low interest rates in developed markets and higher inflation in emerging countries stemming from commodity prices are enhancing the opportunity.

Seed money for this offering will be about $5 million to $10 million, according to Worah, and its benchmark will be the Global Advantage Inflation-Linked Bond Index. 

Edited by: HFD

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