New Fixed Income ETF from PIMCO on Xetra: Access to the broadly diversified portfolio of emerging markets local currency government bonds
New Fixed Income ETF from PIMCO on Xetra: Access to the broadly diversified portfolio of emerging markets local currency government bonds
Since Friday, a new exchange-traded fund from PIMCO has been tradable on Xetra and the Frankfurt Stock Exchange.
The PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF invests primarily in a diversified portfolio of emerging market sovereign bonds denominated in local currencies.
The fund invests in a selection of non-U.S. dollar denominated fixed-income securities with and without investment grade status. The weighting of the bonds is based on the gross domestic product of the countries, with a maximum weighting of 15 per cent at the time of the reallocation. The countries currently with the highest representation are Brazil, China, India and Indonesia.
It is an accumulating share class, i.e. the interest income is reinvested.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF – USD Acc | Fixed Income ETF | 0.39 per cent | accumulating |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,238 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.