Pimco, an investment solutions provider, has launched the Pimco Broad US Treasury Index Fund to offer investors exposure to the broad US treasury yield curve via an exchange-traded fund.
"Pimco has designed TRSY as a single ETF providing exposure to the broad US treasury yield curve," says Vineer Bhansali, managing director and portfolio manager of the new ETF. "The fund seeks to be a convenient and efficient alternative to investing in individual US treasury securities."
The fund aims to achieve the yield, duration and capital preservation inherent in The BofA Merrill Lynch Liquid US Treasury Index.
The ETF structure allows for trading and pricing throughout the day and has the same expense ratio for all investors, regardless of size.