PIMCO has commenced trading four new active exchange-traded funds (ETF) on the Cboe Australia exchange today, with the investment vehicles aimed at providing investors with access to global fixed-income opportunities.
The new offering comprise the PIMCO Global Bond Active ETF (PGBF), PIMCO Diversified Fixed Interest Active ETF (PDFI), PIMCO Global Credit Active ETF (PCRD) and PIMCO Australian Bond Active ETF (PAUS).
PGBF will aim for a maximum total return with capital preservation via high-quality global fixed-income securities, mainly in government, corporate and mortgage securities.
In contrast, PCRD will aim to generate returns through the investment firm’s macroeconomic insights and bottom-up credit research that have a higher total return potential than core government bonds and cash.
PDFI will provide a diversified portfolio of both Australian and global bonds and can act as a core fixed-income allocation that can create income, capital gains, diversification or a hedge against volatility in higher-risk asset classes.
PAUS will seek maximum total return by investing in government, semi-government, corporate and mortgage securities, mainly in Australian or New Zealand currencies.
PIMCO executive vice president and head of Australia and New Zealand Sam Watkins said: “As one of Australia’s biggest fund managers, PIMCO is excited to introduce these active fixed-income ETFs that will fill critical gaps in the market and meet the evolving needs of our clients.
“PIMCO has been in Australia for more than 20 years and we look forward to expanding our ETF offerings in the future to meet the evolving needs of our clients.”