PIMCO Introduces BABs and Corporate Bond ETFs

PIMCO introduced two new ETFs on September 21, 2010: PIMCO Build America Bond Strategy Fund (BABZ), the first actively-managed BABs ETF, and PIMCO Investment Grade Corporate Bond Index Fund (CORP). The new listings boost PIMCO’s ETF offerings to twelve, consisting of four actively-managed and eight indexed funds. PIMCO Build America Bond Strategy Fund (BABZ) is an actively-managed ETF targeting taxable municipal bonds issued as part of the Build America Bonds (BABs) program. It will attempt to capture attractive yield opportunities in this segment while avoiding securities from municipalities that PIMCO believes face deteriorating credit quality. The fund is managed by John Cummings, executive vice president and head of PIMCO’s municipal bond desk. The expense ratio is capped at 0.45%. The BABZ snapshot… . . . → Full Story: PIMCO Introduces BABs and Corporate Bond ETFs