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  PIMCO Australia Bond Index ETF (AUD) - NYSEARCA

  • humahuaca | Send Message 21 Feb 2012

    Virtually all commodities moved strongly higher today, yet commodity currencies AUD and CAD were weaker. Anyone understand why? I don't...
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    • Larry Smith | Send Message 21 Feb 2012
      : The Aussies hinted yesterday they maycut rates in the future. http://buswk.co/zzHXKk
    • humahuaca | Send Message 21 Feb 2012
      : Thanks Larry. Looks to me like Canada's economy is slowing down too, but these currencies still usually follow commodities closely.
      AUD Description
      The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of The BofA Merrill Lynch Diversified Australia Bond Index. The BofA Merrill Lynch Diversified Australia Bond Indexsm tracks the performance of large, Australian dollar (“AUD”)-denominated investment grade debt instruments publicly issued in the Australian domestic market, including sovereign, quasi government, corporate, securitized and collateralized securities. All qualifying securities must have at least one year remaining term to final maturity and a fixed coupon schedule. Qualifying Australian sovereign securities must have a minimum amount outstanding of AUD 1 billion. Qualifying non-sovereign securities must have a minimum amount outstanding of AUD 500 million and must be rated investment grade. Index constituents are capitalization-weighted adjusted, as necessary, to meet issuer concentration limits. The Underlying Index is rebalanced on the last calendar day of the month. It is not possible to invest directly in an unmanaged index.
      See more details on sponsor's website
      Country: Australia
      Key Info
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