Pimco and Source have joined forces to offer fixed-income exchange-traded funds - including actively managed ETFs - to investors in Europe.
Pimco has a $2 billion ETF business in the US, but this will be its first foray into the European ETF market. Source, while relatively new to the market by comparison, has quickly become one of the largest ETF providers in Europe.
"Both Pimco and Source recognise that European investors need a greater choice of what we think are well-engineered fixed-income
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