IndexUniverse reported that in addition to Pimco launching its first ETF it also filed for six more. The one that is trading is called the Pimco 1-3 Year U.S. Treasury Index Fund (TUZ). The six others include several me too bond funds but unique in the filing is a long term TIPS fund and short term TIPS fund. Those could be interesting. Hopefully Pimco is just getting started with this and can bring some other differentiation besides the two TIPS funds. Obviously (to some readers) I'd like to see them do more with foreign bonds. There were a lot of comments yesterday that I could not get to, so.... Early in the day I Tweeted (you know, on the Twitter, like the young people) about a comment from Blackswan Trading. The comment was about students in China laughing ...

Bond giant Pimco launched its first exchange-traded fund this morning, with the debut of the Pimco 1-3 Year U.S. Treasury Index Fund (NYSE Arca: TUZ) on NYSE Arca.

Bond giant Pimco launched its first exchange-traded fund on Tuesday with the debut of the Pimco 1-3 Year U.S. Treasury Index Fund (NYSE Arca: TUZ) on NYSE Arca.

The Newport Beach, Calif.-based asset manager originally filed to enter the ETF market last July, targeting an intermediate-term bond index (see related story here). A few months later as markets were heavily stressed by the ongoing credit crisis, Pimco decided to go with the short-term Merrill Lynch Treasury benchmark to base its first ETF on. (See related story here.) 

TUZ will charge just 9 basis points (0.09%) in expenses, reflecting a 0.13% fee waiver that is contractually in place for at least a year. At 0.09%, TUZ becomes the lowest-cost fixed-income ETF on

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After months of talk, one of the most exciting launches yet in the exchange traded fund (ETF) business is set to happen today: Pacific Investment Management Co. (PIMCO) is now an ETF provider.

PIMCO is the leader in fixed-income management, so it’s fitting that their first offering  is the PIMCO 1-3 Year U.S. Treasury Index Fund (TUZ), which focuses on low-yielding short-term Treasuries. The launch is especially exciting, because it’s going to go head-to-head with the grandfather of Treasury ETFs, iShares Barclays 1-3 Year Treasury Bond (SHY).

PIMCO recognizes that competition is fierce, but they are also sensitive to the fact that current yields are close to historic lows. To lure those looking for a strong fixed-income brand name at a reasonable price, the fund will have a 0.09% expense ratio after waiving a portion of the fees for at least a

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