BILZ is designed for investors looking to move out of traditional cash investments. The fund targets high quality U.S. government related short-term assets and cash. It aims to maximize yield while also preserving capital.
“These two additions to our ETF line-up reflect our patient and deliberate approach to creating new products,” said Greg Hall, managing director and head of PIMCO U.S. Global Wealth Management. “Our philosophy is to introduce ETF solutions where we see long-term investment opportunities, and where we are confident we can add value for our clients.”
PYLD and BILZ join PIMCO’s lineup of active bond ETFs that include the PIMCO Active Bond ETF (BOND), the PIMCO Enhanced Low Duration Active ETF (LDUR), and the PIMCO Enhanced Short Maturity Active ETF (MINT).
“PIMCO has been a pioneer in the active ETF industry,” said VettaFi’s head of research Todd Rosenbluth. “They have a well-respected brand in wealth management and demonstrated value added with active strategies.”
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