Pimco Canada launches ETF series as access points to existing funds

By Sarah Lizee

Olympia, Wash., Oct. 2 – Pimco Canada launched two actively managed bond exchange-traded fund series that are additional access points to two established mutual funds, Pimco Monthly Income Fund (Canada) and Pimco Investment Grade Credit Fund (Canada), according to a press release.

“We want to provide our Canadian investors with additional, convenient access points to two of our most popular bond strategies,” Stuart Graham, managing director and head of Pimco Canada, said in the release.

“The new ETF series will give clients the ability to choose the vehicle that best suits their needs.”

The monthly income fund 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 investment grade credit fund 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.

The series are listed on the Toronto Stock Exchange.

Toronto-based Pimco Canada is an investment management firm.

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