Through LONZ, PIMCO seeks attractive opportunities in the senior loan market


PIMCO is expanding its range of actively managed fixed income exchange-traded funds with the addition of a new ETF that can help diversify fixed income allocations for investors concerned about rising rates.

The PIMCO Senior Loan Active Exchange-Traded Fund (NYSE Arca: LONZ) aims to find attractive opportunities in the senior loan market where investments can offer variable interest rates that can help mitigate the negative impact of rising rates on an investment portfolio. With more than 80 credit analysts at PIMCO supporting the loan-focused portfolio management team, PIMCO will seek to select investments to prudently manage credit risk while helping investors achieve their long-term investment goals. .

“We are in a late-cycle environment where credit markets are more challenging, volatility is rising and central bank policy is becoming more restrictive,” said David Forgash, executive vice president and head of the global team. management of PIMCO’s leveraged loan portfolio, in a statement. press release announcing the launch of the fund. “LONZ, like many of our ETF offerings, takes an active management approach that aims to be patient and cautious to take advantage of opportunities in credit markets in the weeks and months ahead.”

The ETF will be managed by Forgash, Executive Vice President and Portfolio Manager Giang Bui, Senior Vice President and Portfolio Manager Chris Kemp, and Vice President and Portfolio Manager Tanuj Dora.

“PIMCO pioneered the active fixed income ETF market years ago and since then the product universe has expanded significantly as advisors have embraced alternatives to an index approach,” said Todd Rosenbluth. , head of research at VettaFi. “Given their stock picking history, it’s exciting to see their lineup expand.”

LONZ is an addition to PIMCO’s range of active taxable fixed income ETFs, which includes, PIMCO Active Bond ETF (BOND) and the PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT).

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