PIMCO Launches First ETF (TUZ); Files For Six More
Posted on Tuesday, June 2nd, 2009 | In Exchange Traded Funds, Market Commentary
Currently, the largest direct competitor for TUZ is theiShares Lehman 1-3 Year Treasury Bond ETF (NYSE Arca: SHY), which has $7billion in assets and charges management fees of 0.15%. If TUZ can attract sufficient liquidity tosupport low-cost trading, it will be a serious challenger to SHY.
In related news, PIMCO also filed papers with the Securitiesand Exchange Commission to launch six additional fixed-income ETFs:
• PIMCO 3-7 Year U.S. Treasury Index Fund
• PIMCO 7-15 Year U.S. Treasury Index Fund
• PIMCO 15+ Year U.S. Treasury Index Fund
• PIMCO Broad U.S. TIPS Index Fund
• PIMCO Short Maturity U.S. TIPS Index Fund
• PIMCO Long Maturity U.S. TIPS Index Fund
PIMCO ETF WEBSITE: http://www.pimcoetfs.com/
Full Story: http://www.indexuniverse.com/sections/newsinfocus/5930-pimco-launches-etf.html
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