MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 22, 2009 Pimco Files for Active ETFs New active bond strategies are on the horizon for Pimco. The Newport Beach, California-based bond giant filed Tuesday with the SEC for a set of five active ETFs. Three of the proposed funds are short duration: Enhanced Short Maturity Strategy, Government Limited Maturity Strategy, Prime Limited Maturity Strategy, and two are tax-exempt offerings: the Short Term Municipal Bond Strategy and Intermediate Municipal Bond Strategy. The filing does not indicate the expected expense ratios for the active funds. Pimco launched its first ETF last month, the passively managed 1-3 Year US Treasury Index Fund, which tracks the Merrill Lynch 1-3 Year US Treasury Index (see The MFWire, 6/02/09). Plans are also underway for Pimco to open six other passive bond ETFs. Pimco hinted last year that it had ambitions to pursue both active and passive strategies (see The MFWire, 7/29/08). Other firms that have launched active ETFs include Grail Advisors and PowerShares. Printed from: MFWire.com/story.asp?s=22124 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |