June 08, 2011 at 07:00 AM EDT
PIMCO Planning Foreign Currency Strategy ETF
PIMCO, the California-based ETF issuer best known for its active bond funds, has put another active product into its exchange-traded pipeline. The latest proposal from the bond fund giant is the PIMCO Foreign Currency Strategy Exchange-Traded Fund, which would would give investors exposure to foreign currencies through an actively-managed ETF. PIMCO currently offers 13 ETFs, four of which are actively managed. Earlier this year, the company made waves when it filed for an ETF version of its ultra-popular Total Return Fund [see Active ETF Blockbuster]. Details on the proposed active currency ETF are still scarce–the proposed product’s expense ratio and ticker symbol were not released–but the recent SEC filing did shed some light on the likely strategy: The proposed would invest at least 80% of its assets in currencies of foreign countries, with a focus on those that are likely to outperform the U.S. dollar over the long term. In [...] Click here to read the original article on ETFdb.com. Related Posts: Complete List Of Active ETFs Getting Creative With Currency ETFs WisdomTree Launches Commodity Currency ETF (CCX) Safe Haven ETFs: Five Funds For Riding Out The Storm Picking The Right Money Market ETF
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