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PIMCO AND SOURCE ETPs OFFER EMERGING MARKET LOCAL BOND EXPOSURE TO GBP INVESTORS


October 7, 2013 - London

London, 7th October 2013: PIMCO, a leading global investment management firm and Source, a specialist provider of exchange traded products are pleased to announce that PIMCO EM Advantage Local Bond Index Source ETF can now be traded in GBP on the London Stock Exchange under the ticker EMLP. The ETF, which was previously tradable in USD only, has assets of US$ 176 million.

The recent market volatility has created entry points for investors looking to make a strategic allocation to emerging markets. We believe the PIMCO EM Advantage Local Bond Index Source ETF offers exposure to local emerging market sovereign debt via the PIMCO EM Advantage Local Currency Bond Index ("EM Advantage"), an innovative, GDP-weighted index, offering exposure to 12 emerging market countries.

"Due to its exposure to the systemically important emerging market countries via various local currency fixed instruments, the EM Advantage ETF offers investors a lower duration and lower volatility alternative to traditional EM local debt exposure." says Howard Chan, ETF product manager at PIMCO, EMEA. Year to date, EM Advantage Index has outperformed the J.P. Morgan GBI-EM Global Diversified Index by 2.7%.

"Investors are increasingly questioning the value of traditional benchmarks," says Source CEO Ted Hood. "By partnering with PIMCO, we are able to offer expertly engineered fixed income products. This GBP listing will make that expertise accessible to a broader range of investors."

The PIMCO EM Advantage Local Bond Index Source ETF is traded on the London Stock Exchange and has an annual management fee of 0.60%.

 PRODUCT SUMMARY

Product name PIMCO Emerging MarketsAdvantage Local Bond Index Source ETF
Management fee 0.60% p.a.
Benchmark PIMCO Emerging Markets Advantage Local Currency Bond Index
Listing London Stock Exchange London Stock Exchange
ISIN IE00B4P11460 IE00B4P11460
Trading currency GBP USD
Bloomberg (ticker) EMLP LN EMLB LN
Bloomberg (iNAV) INEMLP INEMLB
Reuters (ticker) EMLP.L EMLB.L
Domicile Ireland

Source UK Services Limited is authorised and regulated by the Financial Conduct Authority in the UK. 

Important Information

The PIMCO EM Advantage Local Bond Index Source ETF is regulated by the Central Bank of Ireland.The prospectus documentation describing the products, risks and related costs of Source products are available for residents of countries where such products are authorised for sale at www.source.info.
The products described within this publication are not suitable for everyone. Investors' capital is at risk and they may get back less than they invested. Investors should not deal in these products unless they understand their nature and the extent of their exposure to risk. The value of these products can go down as well as up and can be subject to volatility due to factors such as price changes in the underlying instrument and interest rates. The historical level of the Index should not be taken as an indication of the Index's future performance during the term of the ETFs. It is recommended that potential investors study the relevant product prospectus before investing.

ENDS


For further information:


Source   Tel: +44 20 3370 1102   

Michael John Lytle                                                                                                                     

invest@source.info

 

PIMCO  Tel: +44 20 3640 1414

Jennifer Spivey                                                                                                                              

 jennifer.spivey@pimco.com

 

CTF Corporate & Financial  Tel: +44 20 3540 6456

Adrian Flook                                                                                                                                   

flook@ctfcomms.com

 

Notes to Editors:

About PIMCO

 With more than US$627 billion (€482 billion, £412 billion)[1] of assets managed or serviced out of Europe and more than US$1.97 trillion of client assets worldwide (€1.51 trillion, £1.29 trillion)[1], including US$1.60 trillion (€1.23 trillion, £1.05 trillion) in third party client assets, PIMCO is one of the world's leading investment management companies.

Founded in 1971 with offices in 12 countries throughout North America, Europe, Asia and Latin America, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline.

About Source

Source is one of Europe's leading Exchange Traded Product (ETP) providers, with over US$14.5 billion in assets under management and the second highest European ETP net new asset inflows in 2012. Since launch in April 2009, Source has focused on delivering incremental value to European ETP investors through a combination of enhanced indices, strong partnerships, improved structuring and active trading. Its range of 80 products gives investors the ability to gain exposure to equities, commodities, fixed income and alternative assets, through ETF and ETC structures with deep liquidity, increased transparency and reduced counterparty risk.

Further information about Source is available at www.source.info



 

[1] PIMCO AUM data as of 31 August 2013




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: SOURCE (UK) SERVICES LTD via Thomson Reuters ONE

HUG#1733814

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