Source and PIMCO debut ETF for short-term high-yield bonds

03/19/2012 | Investment Week · IndexUniverse.eu · FundWeb (U.K.)

Source and PIMCO introduced an exchange-traded fund that buys short-term high-yield corporate debt. The PIMCO Short-Term High Yield Corporate Bond Index Source ETF picks investments from the Bank of America Merrill Lynch 0-5 Year US High Yield Constrained Index, which has more than 800 securities that mature within five years.

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Investment Week · IndexUniverse.eu · FundWeb (U.K.)

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