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PIMCO Germany Bond Index ETF (BUND)

- NYSEARCA
BUND is defunct since October 1, 2014. Lack of investor interest
  • Apr. 13, 2014, 6:11 AM
    • Bill Gross' and Mohamed El-Erian's different styles made "very good complements" in serving Pimco's clients and "leading the firm forward through both smooth and rough markets," the latter has told the WSJ. "That worked very well for a long time, until last year."
    • The WSJ describes El-Erian as having a "deliberate manner," which contrasted with Gross' "freewheeling style." El-Erian's comments come after he resigned in January and following media articles highlighting the break-down in the relationship between the men.
    • Still, El-Erian maintained that he "always had" and still has "an enormous amount of respect for Bill."
    • El-Erian also highlighted the desire to see his family more as another reason why he resigned from Pimco.
    • Pimco's parent company is Allianz (AZSEY).
    • Pimco funds: AUD, BABZ, BUND, CAD, CORP, DI, FIVZ, FORX, GOVY
    • Previous
    | 8 Comments
  • Apr. 11, 2014, 2:41 AM
    • German inflation has slipped to its lowest level since August 2010, falling to 1% on year in March from 1.2% in February.
    • On month, CPI rose 0.3% vs +0.5%.
    • HICP +0.3% on month vs +0.5% previously. On year, HICP +0.9% vs +1%.
    • All the figures were in line with consensus.
    • The decline in inflation was again mainly due to a drop in prices for mineral oil products. Excluding heating and motor fuels, inflation was 1.3% on year.
    • DAX futures are +0.2, while the euro is flat at $1.3891. (PR)
    • ETFs: EWG, BUND, EWGS, GERJ, DBGR, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
    | Comment!
  • Apr. 9, 2014, 2:09 AM
    • Germany's exports fell 1.3% on month in February after rising 2.2% in January and missed consensus of -0.5%.
    • Import growth slowed to 0.4% from 4.1% but was greater than expectations of +0.1%.
    • The trade surplus surprisingly dropped to €15.7B from €17.3B and came in below forecasts of €17.8B.
    • The current account surplus declined to €13.9B from €15.2B.
    • DAX futures are +0.1%, while the euro is flat at $1.3794. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Apr. 7, 2014, 3:21 AM
    • German industrial output rose 0.4% on month in February, slowing from +0.7% in January but beating consensus of +0.3%.
    • On year, production growth decelerated slightly to 4.8% from 4.9% but also topped forecasts of 4.7%.
    • The figures follow data that showed a monthly acceleration in factory orders.
    • The DAX is -1.3%. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Apr. 1, 2014, 5:07 AM
    | Comment!
  • Apr. 1, 2014, 4:02 AM
    • German manufacturing PMI dropped to 53.7 in March (flash 53.8) from 54.8 in February.
    • Growth rates of output and new orders eased further but remained marked, new export orders rose at the slowest pace since October, and companies reduced output charges in response to lower input costs.
    • "The data signal that there might still be a few obstacles on the path to recovery," says Markit. However, "despite weaker growth in March, the German manufacturing economy rounded off its strongest quarter in nearly three years."
    • The DAX is +0.4%. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Mar. 31, 2014, 2:09 AM
    • German retail sales rose 1.3% on month in February after increasing 1.7% in January and easily topped estimates for a drop of 0.5%.
    • On year, sales +2% vs +0.9% and +0.8%.
    • DAX futures are +0.4%, while the euro is flat at $1.3755. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Mar. 26, 2014, 3:07 AM
    • As expected, Germany's Gfk consumer confidence index has held steady at 8.5 heading into April.
    • The reading comes after the Ifo index provided a mixed picture yesterday, with the business climate print slipping but the current-situation number rising.
    • DAX futures are +0.1%, while the euro rises a bit from earlier lows but is still -0.1% at $1.3814.
    • ETFs: EWG, BUND, EWGS, GERJ, BUNL, DBGR, DXGE, FGM, BUNT, GGOV
    • Gfk Web site
    | Comment!
  • Mar. 25, 2014, 5:06 AM
    • The German Ifo institute's business climate index has slipped to 110.7 in March from 111.3 in February and missed consensus of 111.
    • The current-situation reading rose to 115.2 from 114.4 and exceeded forecasts of 114.6, while the expectations print slipped to 106.4 from 108.3 and undershot estimates of 107.6.
    • The DAX is +0.8% and the euro is -0.1% at $1.383.
    • CESifo Web site
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Mar. 24, 2014, 4:42 AM
    • German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
    • Services fell to 54 from 55.9 and vs 55.8.
    • Manufacturing output declined to 57 from 57.4.
    • Composite output dropped to 55 from 56.4.
    • Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
    • Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
    • The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
    | 1 Comment
  • Mar. 20, 2014, 3:05 AM
    • German PPI comes in flat on month in February after falling 0.1% in January and misses consensus for growth of 0.1%.
    • On year, PPI -0.9% vs -1.1% and -0.9%.
    • DAX futures -0.5%. (PR)
    • ETFs: EWG, BUND, EWGS, GERJ, DBGR, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
    | Comment!
  • Mar. 14, 2014, 3:18 AM
    • As expected, German CPI rose 0.5% on month in February after dropping 0.6% in January.
    • On year, inflation slipped to 1.2% from 1.3%.
    • HICP +0.5% on month vs -0.7% previously. On year, HICP +1% vs +1.2%.
    • All the figures were in line with consensus.
    • The comparably low inflation rate was again mainly due to a fall in prices for mineral oil products. Excluding those prices, inflation was +1.7%. (PR)
    • DAX futures are -0.2%, while the euro is -0.1% at $1.3858.
    • ETFs: EWG, BUND, EWGS, GERJ, DBGR, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
    | Comment!
  • Mar. 11, 2014, 3:06 AM
    • Germany's exports rose 2.2% on month in January after dropping 0.9% in December and beat forecasts of +1.4%.
    • Imports jumped 4.1% vs -1.4% and +1.3%.
    • The trade surplus slipped to €17.2B from €18.3B and missed consensus of €17.7B.
    • The euro is -0.1% at $1.3865, while DAX futures are +0.2%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | Comment!
  • Mar. 7, 2014, 5:22 AM
    • Bill Gross has accused departing Pimco (BOND) CEO Mohamed El-Erian of "trying to undermine" him, telling Reuters that he has evidence that El-Erian "wrote" a recent WSJ article that described the breakdown in the men's relationship and didn't portray Gross in a particularly flattering light.
    • When asked what the evidence was, Gross replied: "You're on his side. Great, he's got you, too, wrapped around his charming right finger."
    • Gross also indicated that he has monitored El-Erian's phone calls.
    • A Pimco spokesman later denied that Gross made the comments that Reuters attributes to him, while the WSJ hotly refuted that El-Erian "wrote" the article.
    • Pimco's parent company is Allianz (AZSEY).
    • Pimco funds: AUD, BABZ, BUND, CAD, CORP, DI, FIVZ, FORX, GOVY
    • Previous
    | 18 Comments
  • Mar. 5, 2014, 4:01 AM
    • German services PMI increased to a 32-month high of 55.9 (flash 55.4) in February from 53.1 in January
    • Composite output climbed to a 33-month high of 56.4 (flash 56.1) from 55.5.
    • "Staffing levels rose to the greatest extent in over two years and business expectations remained at a historically high level," says Markit, "lifting hopes that the current economic upturn will be sustained in the coming months."
    • The DAX is flat. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
    | Comment!
  • Mar. 3, 2014, 4:00 AM
    • German manufacturing PMI dropped to 54.8 (flash 54.7) in February from 56.5 in January.
    • "With companies reporting strong expansions in new orders and export sales, the (manufacturing) sector looks set for further growth in the near future," says Markit. "Encouragingly, companies continued to take on additional staff, which signals confidence about future workloads."
    • The euro is -0.2% vs the dollar, while the DAX is -1.9%, hurt by the developments between Ukraine and Russia. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, BUNL, DXGE, FGM, GGOV, BUNT, HEWG
    | Comment!
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BUND 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 Germany Bond Index. The BofA Merrill Lynch Diversified Germany Bond Indexsm tracks the performance of large, Euro (“EUR”)- denominated investment grade debt instruments of German issuers publicly issued in the eurobond or Euro member domestic markets, including sovereign, quasi-government, corporate, securitized and collateralized securities. All Qualifying securities must be an obligation of a German entity with at least one year remaining term to final maturity and a fixed coupon schedule. Qualifying German sovereign securities must have a minimum amount outstanding of EUR 1 billion. Qualifying non-sovereign securities must have a minimum amount outstanding of EUR 500million 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.
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Country: Germany
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