PIMCO has expanded its ETF range with the launch of two active fixed income UCITS ETFs, designed to provide investors with access to government bonds through PIMCO’s active management approach.
The PIMCO Advantage Global Government Bond UCITS ETF (GOVI) and the PIMCO Advantage Euro Government Bond UCITS ETF (EUGO) are the latest additions to PIMCO’s Advantage Series, the firm’s core UCITS ETFs designed to serve as foundational building blocks in investor portfolios.
The new ETFs are actively managed and seek to maximise total return through a diversified portfolio of global and euro-denominated government bonds, respectively. They aim to outperform their respective benchmarks indices – the Bloomberg Global Aggregate Treasury Index and the Bloomberg Euro Aggregate Treasury Index – over the medium to long-term while adhering to disciplined risk management principles. These new ETFs complement PIMCO’s existing mutual fund offerings in Global and Euro aggregate bond strategies.
The PIMCO Advantage Global Government Bond UCITS ETF will be managed by Martin Svorc, Senior Vice President and Portfolio Manager, Andrew Balls, Managing Director and CIO Global Fixed Income, and Sachin Gupta, Managing Director and Portfolio Manager. The PIMCO Advantage Euro Government Bond UCITS ETF will be managed by Konstantin Veit, Executive Vice President and Portfolio Manager, Sara Adjir, Senior Vice President and Portfolio Manager, and Lorenzo Pagani, Managing Director and Portfolio Manager.
“The expansion of our UCITS ETF range represents a significant milestone in our commitment to providing investors with actively managed solutions” says Ryan Blute, Managing Director and Head of Global Wealth Management, EMEA. “By combining PIMCO’s 50+ years of active fixed income management rigor, our track record in global fixed income and core bond solutions, and expertise with the efficiency of the ETF structure, we are providing clients with the foundational building blocks to navigate today’s complex markets and pursue their long-term investment goals. With high‑quality sovereign yields presenting attractive opportunities, diversified government bond exposure can offer income potential, liquidity and a defensive anchor, while duration provides a straightforward way for investors to position for macro trends as monetary policies normalise.”
Investors can trade the PIMCO Advantage Global Government Bond UCITS ETF on London Stock Exchange and Xetra Deutsche Börse (DB), and the PIMCO Advantage Euro Government Bond UCITS ETF on Xetra DB and Borsa Italiana, effective 17 December 2025. Both funds will disclose holdings on a quarterly basis with a 30-day lag, balancing transparency with portfolio management flexibility. The PIMCO Advantage Global Government Bond UCITS ETF is available with USD, EUR and GBP hedged share classes, providing investors with additional flexibility to help manage currency risk.
