Fixed income giant PIMCO has filed plans to launch four new bond ETFs, bolstering the firm's presence in the ETF arena.
The PIMCO 0-3 Year Banking Sector Corporate Bond Index Fund will track the BofA Merrill Lynch 0-3 Year US Banking Index and may use swaps, derivatives and futures to accomplish its objectives. That's OK as PIMCO is one of the best at using those financial instruments.