PIMCO has teamed up with Source UK Services Ltd. to launch an exchange-traded fund to bet on the German government bond market.

The Pimco German Government Bond Index Source ETF tracks the Markit iBoxx € Germany Index. It is registered for sale in the UK and across Europe, and is listed on the Deutsche Boerse.

In a statement, Michael Surowiecki, senior vice president at PIMCO and Portfolio Manager of BUND, said: “The BUND market is over €1.1 trillion in outstanding issuance. German government bonds are a core investment position in most Europeans’ portfolios, and the BUND ETF provides access to PIMCO’s index replication and trade execution capabilities in government bonds."

The fund has a management fee of 15 basis points a year.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.