New Fixed Income ETF from PIMCO on Xetra: Access to the broadly diversified portfolio of emerging markets local currency government bonds

October 7, 2024-- Since Friday, a new exchange-traded fund from PIMCO has been tradable on Xetra and the Frankfurt Stock Exchange.
The PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF invests primarily in a diversified portfolio of emerging market sovereign bonds denominated in local currencies.

The fund invests in a selection of non-U.S. dollar denominated fixed-income securities with and without investment grade status. The weighting of the bonds is based on the gross domestic product of the countries, with a maximum weighting of 15 per cent at the time of the reallocation. The countries currently with the highest representation are Brazil, China, India and Indonesia.