Pimco Source issues first fixed income ETFs

The Pimco Euro Enhanced Short Maturity Source ETF and Pimco European Advantage Government Bond Index Source ETF, both physically replicated, have expense ratios of 0.35% and 0.30% respectively. Pimco Source announced their collaboration in fixed income ETFs in December, citing demand for "more than the traditional benchmark exposure" in a broad and complex asset class. Source CEO Ted Hood said at the time: "The credit crunch proved that every fixed income portfolio needs a mix of skilled product engineering and experienced active management." The firms' Euro Enhanced ETF is an acti...