The two actively managed bond ETF series give investors access to the popular monthly income and investment grade credit strategies
Toronto, October 2, 2017 – PIMCO Canada, part of leading global investment management firm PIMCO, has launched two actively managed bond exchange-traded fund (ETF) series in Canada. These innovatively structured ETF series are additional access points to two established mutual funds – PIMCO Monthly Income Fund (Canada) and PIMCO Investment Grade Credit Fund (Canada). The ETF series are listed on the Toronto Stock Exchange.
“We want to provide our Canadian investors with additional, convenient access points to two of our most popular bond strategies” said Stuart Graham, Managing Director and Head of PIMCO Canada. “The new ETF series will give clients the ability to choose the vehicle that best suits their needs.”
The ETF series of the PIMCO Monthly Income Fund (Canada) (TSX: PMIF) offers investors access to an actively managed bond portfolio that invests primarily in a diversified portfolio of non-Canadian dollar fixed income instruments of varying maturities. The fund is managed by Dan Ivascyn, Managing Director and Group Chief Investment Officer and Alfred Murata, Managing Director and Portfolio Manager.
The ETF series of the PIMCO Investment Grade Credit Fund (Canada) (TSX: IGCF) offers investors access to an actively managed bond portfolio that invests primarily in non-Canadian dollar high quality corporate bonds diversified broadly across industries, issuers and regions. The fund is managed by Mark Kiesel, Managing Director and Chief Investment Officer of Global Credit.