Mergers & Acquisitions / Joint Ventures

ETF provider Source joins with PIMCO for fixed-income range


Source, the exchange-traded products specialist with $6 billion in assets, has entered into an agreement with PIMCO, one of the world’s largest fixed-income asset managers, to introduce and distribute fixed-income ETFs in Europe.

The two firms are working together to create a range of products designed to provide fixed-income exposure for European investors, with the first launches in the PIMCO Source Fixed Income ETF range due for launch in early 2011.

The range of ETFs will utilise PIMCO’s investment management process and fixed-income expertise, combine with Source’s distribution model and ability to enhance trading liquidity. The ETFs will seek