Click here to read the original article on ETFdb.com.
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PIMCO Launches Aussie Bond ETF
November 02, 2011 at 07:00 AM EDT
PIMCO, the bond fund giant that has made a push into the ETF space in recent years, rolled out the first international bond ETF in its lineup this week with the debut of the Australia Bond Index Fund (AUD). The new ETF will seek to replicate the BofA Merrill Lynch Diversified Australia Bond Index, a benchmark that consists of investment grade Australian debt including sovereign and corporate debt. With yields in much of the developed world still hovering at record lows and concerns over the outlook for the euro zone once again flaring up, investors have begun to search for international markets that have the potential to deliver solid yields without an overwhelming amount of risk. Those criteria have led some to Australia, a commodity-rich economy that was among the first countries to raise interest rates following the most recent financial crisis. The Reserve Bank of Australia is actually coming [...] Click here to read the original article on ETFdb.com. Related Posts: October ETF Roundup: Launches, Filings, and Closures This Week In ETFs: October 30th Edition ETF Insider: Bad Week To Be A Bear
PIMCO, the bond fund giant that has made a push into the ETF space in recent years, rolled out the first international bond ETF in its lineup this week with the debut of the Australia Bond Index Fund (AUD). The new ETF will seek to replicate the BofA Merrill Lynch Diversified Australia Bond Index, a benchmark that consists of investment grade Australian debt including sovereign and corporate debt. With yields in much of the developed world still hovering at record lows and concerns over the outlook for the euro zone once again flaring up, investors have begun to search for international markets that have the potential to deliver solid yields without an overwhelming amount of risk. Those criteria have led some to Australia, a commodity-rich economy that was among the first countries to raise interest rates following the most recent financial crisis. The Reserve Bank of Australia is actually coming [...]
