Germany, Europe’s largest economy, has held up during the Eurozone financial debalce. The country is the world’s second largest exporter.
“These new index ETFs are designed to help investors access select countries that may offer better risk-adjusted returns in this New Normal environment, and benefit from PIMCO’s trading and investment expertise in local markets,” Tammie Arnold, managing director and global head of the firm’s ETF business, said in the press release. “With ETFs, investors may benefit from convenient access to PIMCO’s capabilities as well as the portfolio transparency and intra-day pricing attributes of the ETF vehicle.”
For more information on international sovereign debt, visit our international Treasury bonds category.
Max Chen contributed to this article.