June 15, 2012 at 07:00 AM EDT
PIMCO Files For Active Bond Funds, Franklin Templeton Plans First ETF
Choppy trading has been the dominant theme on Wall Street this week as investors continue to deal with mixed economic data releases on the homefront coupled with looming threats from Europe. The U.S. government posted a larger-than-expected budget deficit this past month, while retail sales also dropped off, adding to the list of uncertainties plaguing investors’ confidence. Amidst the flurry of trading, PIMCO has filed plans with the SEC to beef up its lineup with three active bond ETFs, while Franklin Templeton is also making strides to join the industry with their first proposal [see also Calling All ETF-Friendly Financial Advisors]. PIMCO Adds Active ETFS The world’s largest bond fund manager, PIMCO is planning to add three more active ETFs to its growing lineup of fixed income offerings [see PIMCO SEC Filing June 7, 2012]: PIMCO Diversified Income Exchange-Traded Fund: This will be an ETF counterpart for the existing mutual fund, PDVAX, which currently has [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Choppy trading has been the dominant theme on Wall Street this week as investors continue to deal with mixed economic data releases on the homefront coupled with looming threats from Europe. The U.S. government posted a larger-than-expected budget deficit this past month, while retail sales also dropped off, adding to the list of uncertainties plaguing investors’ confidence. Amidst the flurry of trading, PIMCO has filed plans with the SEC to beef up its lineup with three active bond ETFs, while Franklin Templeton is also making strides to join the industry with their first proposal [see also Calling All ETF-Friendly Financial Advisors]. PIMCO Adds Active ETFS The world’s largest bond fund manager, PIMCO is planning to add three more active ETFs to its growing lineup of fixed income offerings [see PIMCO SEC Filing June 7, 2012]: PIMCO Diversified Income Exchange-Traded Fund: This will be an ETF counterpart for the existing mutual fund, PDVAX, which currently has [...]

Click here to read the original article on ETFdb.com.

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