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Pimco and Source offer EM local bond exposure to GBP investors


The Pimco EM Advantage Local Bond Index Source ETF can now be traded in GBP on the London Stock Exchange under the ticker EMLP.

The ETF, which was previously tradable in USD only, has assets of USD176m.
The recent market volatility has created entry points for investors looking to make a strategic allocation to emerging markets. The Pimco EM Advantage Local Bond Index Source ETF offers exposure to local emerging market sovereign debt via the Pimco EM Advantage Local Currency Bond Index a GDP-weighted index, offering exposure to 12 emerging market countries.
“Due to its exposure to the systemically important emerging market countries via various local currency fixed instruments, the EM Advantage ETF offers investors a lower duration and lower volatility alternative to traditional EM local debt exposure,” says Howard Chan, ETF product manager at Pimco, EMEA.
Year to date, EM Advantage Index has outperformed the JP Morgan GBI-EM Global Diversified Index by 2.7 per cent.
“Investors are increasingly questioning the value of traditional benchmarks,” says Source chief executive Ted Hood. “By partnering with Pimco, we are able to offer expertly engineered fixed income products. This GBP listing will make that expertise accessible to a broader range of investors.”
The Pimco EM Advantage Local Bond Index Source ETF is traded on the London Stock Exchange and has an annual management fee of 0.60 per cent.

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