The Fidelity FundsNetwork (FFN) is to offer the PIMCO Sterling Short Maturity Source UCITS ETF on its online investment platform. The GBP121 million fund is actively managed and distributes income on a monthly basis.
Dominic Clabby, Head of UK IFA at Source, says: “We are delighted that FFN has expanded the range of ETFs now available on its platform and, in particular, including its first actively managed ETF. The PIMCO Sterling Short Maturity Source UCITS ETF, or QUID as it is commonly called, offers investors an alternative to cash, which may be attractive in today’s very low interest rate environment. The fund’s manager invests in a diversified portfolio of short-term securities, with the aim of generating income while maintaining a focus on security and liquidity. The fixed income space has been one of the areas where active management has delivered some good results for investors.”
Source UK Services Limited is authorised and regulated by the Financial Conduct Authority in the UK.
