Pimco launches actively managed ETF for short-term municipal bonds

02/7/2010 | IndexUniverse.com

Pacific Investment Management broadened its range of exchange-traded funds with an actively managed short-term municipal fund. The Pimco Short Term Municipal Bond Strategy buys short-maturity municipal bonds that are exempt from the U.S. alternative minimum tax. The ETF trades on the NYSE Arca platform and has an expense ratio of 35 basis points.

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