PIMCO Promises to Introduce Canada, Germany Bond ETFs

On the day the firm introduced its PIMCO Australia Bond Index Fund AUD, the firm behind the world's largest bond fund, said it will soon introduce the PIMCO Canada Bond Index Fund and the PIMCO Germany Bond Index Fund. The PIMCO Canada Bond Index Fund will trade under the ticker “CAD” and will be managed by Ed Devlin, head of Canadian portfolio management. The PIMCO Germany Bond Index Fund will trade under the ticker :BUND” and will be managed by Lorenzo Pagani, head of PIMCO's European government bond and rates desk, according to a statement issued by PIMCO. The PIMCO Australia Bond Index Fund features an expense ratio of 0.45%. Expense ratios for the Canada and Germany ETFs were not disclosed. These ETFs are designed to enable investors to capitalize on opportunities within three countries whose balance sheets and debt dynamics are currently well positioned to navigate the downside effects of slower global growth and ongoing national and personal deleveraging, PIMCO said in a statement. California-based Pimco had 14 ETFs with $3.65 billion in AUM at the end of September, according to data from the National Stock Exchange.