The name’s BOND: Pimco changes Total Return ETF ticker

Mar 28th, 2012 | By | Category: Fixed Income

Pimco, a leading global investment management firm, will change the NYSE ticker for the recently-launched Pimco Total Return ETF from TRXT to BOND on 4 April, 2012. The shift from the ticker TRXT to BOND is designed to make it easier for investors to access the Pimco Total Return ETF.

The name's BOND - Pimco changes Total Return ETF ticker

The name's BOND: Pimco has changed the ticker for the Total Return ETF (Bill Gross, Pimco founder and the fund's manager).

“Our aim is to enable investors to access the Pimco Total Return ETF easily and conveniently, and we believe that re-naming the NYSE ticker to BOND is another step toward achieving that objective,” said Gross.

BOND will continue to be managed by Pimco’s founder and co-Chief Investment Officer William Gross, and will continue to follow the same Total Return strategy. The fund is designed to be a diversified portfolio of high quality bonds that is actively managed with the aim of maximising return and managing risk.

Since launch, just one month ago, the fund has accumulated assets of $257 million.

According to Pimco marketing literature, potential benefits of the fund include: direct access to Pimco’s portfolio management expertise, including global credit analysis and interest-rate forecasting; portfolio diversification, income, the opportunity for capital appreciation and excess return in an actively managed, risk-controlled framework; an investment strategy managed for all market environments, emphasising both top down macroeconomic analysis and bottom-up issue selection; full benefits and flexibility of the ETF vehicle, including intraday pricing, the ability to be traded using limit and stop loss orders as well daily portfolio disclosure and low investment minimum (1 share)

BOND adds to Pimco’s expanding range of active and index ETFs that are designed to meet a broad range of investor needs. This range include the Pimco Enhanced Short Maturity Strategy ETF (MINT), which is currently the world’s largest actively managed ETF by assets under management; several actively managed municipal bond strategies and more than a dozen “smart-passive” index ETFs, including the recently-launched Australia, Germany and Canada Bond Index Funds.

Smart-passive ETFs incorporate credit analysis to screen out securities that are illiquid or don’t pass other key risk metrics.

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