PIMCO to Launch Another Actively Managed ETF
Bond giant PIMCO said in a statement today that it will introduce the Global Advantage Inflation-Linked Bond Strategy Fund on May 1. The new actively managed ETF will trade on the New York Stock Exchange under the ticker "ILB."
The Global Advantage Inflation-Linked Bond Strategy Fund is designed to offer investors the potential for long-term returns above inflation by actively managing global inflation-linked bonds and currencies under the ETF wrapper, according to a statement issued by PIMCO. The new fund is managed by Mihir Worah, Managing Director and Head of PIMCO's Real Return portfolio management team.
ILB's primary benchmark index is the Barclays Capital Universal Government Inflation-Linked Bond Index and its secondary benchmark index is the PIMCO Global Advantage Inflation-Linked Bond Index.
PIMCO manages more than $100 billion in dedicated inflation hedging strategies, the California-based firm said in the statement.
PIMCO currently lists 18 ETFs, including TIPS products such as the PIMCO 1-5 Year US TIPS Index ETF (NYSE: STPZ) and the PIMCO Broad U.S. TIPS Index ETF (NYSE: TIPZ). In late February, the firm introduced the PIMCO Total Return ETF (NYSE: BOND), the ETF equivalent of the Total Return Fund managed by Bill Gross. In less than two months of trading, BOND has accumulated more than $508 million in AUM.
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