TORONTO, Oct. 01, 2018 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. (“PIMCO Canada”) today announces the launch of the U.S. dollar exchange-traded fund (ETF) series of the PIMCO Monthly Income Fund (Canada) (TSX:PMIF.U).
“An ETF series provides our Canadian investors with an additional access point to the established PIMCO Monthly Income Fund (Canada),” said Stuart Graham, Managing Director and Head of PIMCO Canada. “We can give clients the ability to choose the series that best suits their investment objectives.”
The launch of the ETF(US$) Series builds on the success of the Canadian dollar ETF Series (TSX: PMIF) launched in 2017. The ETF series are listed on the Toronto Stock Exchange. The existing ETF Series units can be bought in Canadian dollars only, and the new ETF(US$) Series can be bought in U.S. dollars only. The ETF (US$) Series is intended for investors with U.S. dollars who seek U.S. currency exposure and income.
PIMCO Monthly Income Fund (Canada) is an actively managed bond portfolio that 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, Alfred Murata, Managing Director and Portfolio Manager, and Joshua Anderson, Managing Director and Portfolio Manager.
About PIMCO
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Commissions, management fees and expenses may all be associated with investments in ETF series. Please read the prospectus and ETF facts before investing. Performance of mutual funds that offer ETF series are not guaranteed, their values change frequently and past performance may not be repeated.
Contact:
Agnes Crane
PIMCO – Media Relations
Phone: +212 597 1054
Email: agnes.crane@pimco.com