PIMCO AND SOURCE ETPs OFFER EMERGING MARKET LOCAL BOND EXPOSURE TO GBP INVESTORS
(Thomson Reuters ONE) -
London, 7(th) October 2013: PIMCO, a leading global investment management firm
and Source, a specialist provider of exchange traded products are pleased to
announce that PIMCO EM Advantage Local Bond Index Source ETF can now be traded
in GBP on the London Stock Exchange under the ticker EMLP. The ETF, which was
previously tradable in USD only, has assets of US$ 176 million.
The recent market volatility has created entry points for investors looking to
make a strategic allocation to emerging markets. We believe the PIMCO EM
Advantage Local Bond Index Source ETF offers exposure to local emerging market
sovereign debt via the PIMCO EM Advantage Local Currency Bond Index ("EM
Advantage"), an innovative, GDP-weighted index, offering exposure to 12 emerging
market countries.
"Due to its exposure to the systemically important emerging market countries via
various local currency fixed instruments, the EM Advantage ETF offers investors
a lower duration and lower volatility alternative to traditional EM local debt
exposure." says Howard Chan, ETF product manager at PIMCO, EMEA. Year to date,
EM Advantage Index has outperformed the J.P. Morgan GBI-EM Global Diversified
Index by 2.7%.
"Investors are increasingly questioning the value of traditional benchmarks,"
says Source CEO Ted Hood. "By partnering with PIMCO, we are able to offer
expertly engineered fixed income products. This GBP listing will make that
expertise accessible to a broader range of investors."
The PIMCO EM Advantage Local Bond Index Source ETF is traded on the London Stock
Exchange and has an annual management fee of 0.60%.
PRODUCT SUMMARY
+------------------+-----------------------------------------------------------+
|Product name | PIMCO Emerging Markets Advantage Local Bond Index Source |
| | ETF |
+------------------+-----------------------------------------------------------+
|Management fee | 0.60% p.a. |
+------------------+-----------------------------------------------------------+
|Benchmark |PIMCO Emerging Markets Advantage Local Currency Bond Index |
+------------------+---------------------+-------------------------------------+
|Listing |London Stock Exchange| London Stock Exchange |
+------------------+---------------------+-------------------------------------+
|ISIN | IE00B4P11460 | IE00B4P11460 |
+------------------+---------------------+-------------------------------------+
|Trading currency | GBP | USD |
+------------------+---------------------+-------------------------------------+
|Bloomberg (ticker)| EMLP LN | EMLB LN |
+------------------+---------------------+-------------------------------------+
|Bloomberg (iNAV) | INEMLP | INEMLB |
+------------------+---------------------+-------------------------------------+
|Reuters (ticker) | EMLP.L | EMLB.L |
+------------------+---------------------+-------------------------------------+
|Domicile | Ireland |
+------------------+-----------------------------------------------------------+
Source UK Services Limited is authorised and regulated by the Financial Conduct
Authority in the UK.
Important Information
The PIMCO EM Advantage Local Bond Index Source ETF is regulated by the Central
Bank of Ireland. The prospectus documentation describing the products, risks
and related costs of Source products are available for residents of countries
where such products are authorised for sale at www.source.info.
The products described within this publication are not suitable for everyone.
Investors' capital is at risk and they may get back less than they invested.
Investors should not deal in these products unless they understand their nature
and the extent of their exposure to risk. The value of these products can go
down as well as up and can be subject to volatility due to factors such as price
changes in the underlying instrument and interest rates. The historical level of
the Index should not be taken as an indication of the Index's future performance
during the term of the ETFs. It is recommended that potential investors study
the relevant product prospectus before investing.
ENDS
For further information:
Source Tel: +44 20 3370 1102
Michael John Lytle
invest(at)source.info
PIMCO Tel: +44 20 3640 1414
Jennifer Spivey
jennifer.spivey(at)pimco.com
CTF Corporate & Financial Tel: +44 20 3540 6456
Adrian Flook
flook(at)ctfcomms.com
Notes to Editors:
About PIMCO
With more than US$627 billion (?482 billion, £412 billion)[1] of assets managed
or serviced out of Europe and more than US$1.97 trillion of client assets
worldwide (?1.51 trillion, £1.29 trillion)[1], including US$1.60 trillion (?1.23
trillion, £1.05 trillion) in third party client assets, PIMCO is one of the
world's leading investment management companies.
Founded in 1971 with offices in 12 countries throughout North America, Europe,
Asia and Latin America, PIMCO offers a wide range of innovative solutions to
help millions of investors worldwide meet their needs. Our goal is to provide
attractive returns while maintaining a strong culture of risk management and
long-term discipline.
About Source
Source is one of Europe's leading Exchange Traded Product (ETP) providers, with
over US$14.5 billion in assets under management and the second highest European
ETP net new asset inflows in 2012. Since launch in April 2009, Source has
focused on delivering incremental value to European ETP investors through a
combination of enhanced indices, strong partnerships, improved structuring and
active trading. Its range of 80 products gives investors the ability to gain
exposure to equities, commodities, fixed income and alternative assets, through
ETF and ETC structures with deep liquidity, increased transparency and reduced
counterparty risk.
Further information about Source is available at www.source.info
--------------------------------------------------------------------------------
[1] PIMCO AUM data as of 31 August 2013
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SOURCE (UK) SERVICES LTD via Thomson Reuters ONE
[HUG#1733814]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 303187
Anzahl Zeichen: 8040
contact information:
Town:
LONDON
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"PIMCO AND SOURCE ETPs OFFER EMERGING MARKET LOCAL BOND EXPOSURE TO GBP INVESTORS"
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