PIMCO Launches Broad U.S. Treasury Index Fund (TRSY)

PIMCO was a latecomer to the ETF industry. But since wading into the ETF waters last year, the California-based bond giant, has rapidly built up its fixed income lineup, which now includes both actively-managed and passively-indexed products focusing on munis, investment grade corporate debt, Build America Bonds, and of course U.S. Treasuries. The company expanded its lineup even further this week, rolling out the Broad U.S. Treasury Index Fund (TRSY), bringing its total number of funds up to 13 [also read Ten Intriguing ETF Storylines]. The fund tracks the BofA Merrill Lynch Liquid US Treasury Index, a benchmark that tracks the performance of the three most recently issued 2-year, 3-year, 5-year, 7-year, 10-year, and 30-year U.S. Treasury notes and bonds. The fund’s fact sheet cites that these issues typically offer better liquidity to investors over their more seasoned counterparts, suggesting that this method may help to reduce investor transaction costs–by minimizing [...] Click here to read the original article on ETFdb.com. Related Stories: PIMCO Rounds Out Treasury ETFs With ZROZ, FIVZ PIMCO To Launch New Treasury ETFs PIMCO Launches MUNI Bond ETF