Pimco Ups the Ante in Fixed Income
This commentary originally appeared on Feb. 7 on ETF Profits -- to access all the strategies from our team of ETF professionals, click here.
Pimco entered the ETF market with indexed fixed-income products in 2009, as fixed-income ETFs were becoming a greater part of the ETF market. I believe that the firm hoped to build a platform to use its esteemed brand name to expand into other distribution channels. Traditionally, Pimco's fixed-income products were mutual funds with a variety of fee classes sold through financial intermediaries who earned part of the fees. In entering the ETF market, the firm initially offered very low-cost index-based products with expense ratios even lower than Vanguard. Pimco was then the first ETF provider to offer actively managed ETFs investing in U.S. money markets and municipal bonds....678 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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