Bond-giant Pimco throws its hat into the ETF ring with its first exchange-traded fund, the Pimco...

|By:, SA News Editor

Bond-giant Pimco throws its hat into the ETF ring with its first exchange-traded fund, the Pimco 1-3 Year U.S. Treasury Index Fund (TUZ), designed for investors "focused on relatively stable principal value and avoiding credit risk." Pimco's foray into ETFs could be a potential game-changer for an already fast-growing segment.