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PIMCO To Float Debt-Focused ETF
PIMCO will unveil a new exchange-traded fund focused on U.S. debt.
PIMCOwill unveil a new exchange-traded fund focused on U.S. debt,金融时报》reports. TheTotal Return ETF, managed byBill Gross, will hold about 65% of its assets in U.S. public and private debt.
The vehicle may hold about 10% in high yield debt and up to a fifth in assets denominated in foreign currencies. The PIMCO ETF will not invest in options, futures or swaps.
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