Press Release

PIMCO integrates its European ETF business

PIMCO fully integrates its European UCITS ETF suite with its global ETF platform to facilitate further expansion in EMEA and beyond

 

LONDON, (April 27, 2020) -- PIMCO, one of the world’s premier fixed income investment managers, is integrating its European UCITS ETF business with its global ETF platform.  As part of the integration, PIMCO and Invesco will cease their European distribution partnership as of June 12, 2020. The firms have collaborated closely since taking this decision in 2019 to devise and implement a seamless transition process that acts in the best interests of investors, and will continue to do so throughout the transition period.

This alignment with PIMCO’s global ETF platform will help drive the strategic expansion of the firm’s $8,5 billion European ETF business (as of March 31, 2020). Globally, PIMCO manages over $29 billion in ETF assets across fixed income and smart beta equity strategies, and is one of the largest providers of actively managed fixed income ETFs worldwide.

Craig Dawson, Managing Director and Head of PIMCO EMEA, said: “Integrating our European UCITS ETF business with our global platform will enable us to continue to offer superior fixed income ETF solutions to clients and prospects throughout EMEA.” Ryan Blute, Managing Director and Head of PIMCO’s Global Wealth Management business in EMEA, added: “Our established ETF range complements our UCITS fund offerings in Europe, giving clients access to PIMCO’s time-tested active fixed income management via whichever investment vehicle best suits their investment needs.”

There will be no changes to portfolio management, investment strategy or fee structure of the respective ETFs. The distribution and servicing of the listed ETFs will revert to PIMCO along with a change of name to reflect PIMCO’s sole in-house distribution model, as of June 12, 2020. PIMCO’s UCITS ETF solutions are available to investors in a number of countries primarily in Europe, Middle East and Africa (EMEA), as well as Latin America (LatAm) and Asia-Pacific (APAC).

Media Contacts

Jochen Haegele
EMEA Corporate Communications
Munich
+49.89.26209.6293
jochen.haegele@pimco.com

Jennifer Spivey
U.K. and EMEA Corporate Communications
London
+44.20.3640.1484
jennifer.spivey@pimco.com

Michael Reid
Global Head of Corporate Communications
New York
+1.212.597.1301
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications
New York
+1.212.597.1054
agnes.crane@pimco.com

Laura Batty
U.S. Corporate Communications
Newport Beach
+1.949.720.6374
laura.batty@pimco.com

Donna Chan
APAC Corporate Communications
Hong Kong
+852.3650.7752
donna.chan@pimco.com

Disclosures

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,800+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Past Performance is not a guarantee or reliable indicator of future results.

PIMCO Europe Ltd (Company No. 2604517) and PIMCO Europe Ltd - Italy (Company No. 07533910969) are authorised and regulated by the Financial Conduct Authority (12 Endeavour Square, London, E20 1JN) in the UK. The Italy branch is additionally regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act. PIMCO Europe Ltd services are available only to professional clients as defined in the Financial Conduct Authority’s Handbook and are not available to individual investors, who should not rely on this communication.| PIMCO Deutschland GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany), PIMCO Deutschland GmbH Italian Branch (Company No. 10005170963), PIMCO Deutschland GmbH Spanish Branch (N.I.F. W2765338E) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 32 of the German Banking Act (KWG). The Italian Branch, Spanish Branch are additionally supervised by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act, the Comisión Nacional del Mercado de Valores (CNMV) in accordance with obligations stipulated in articles 168 and  203  to 224, as well as obligations contained in Tile V, Section I of the Law on the Securities Market (LSM) and in articles 111, 114 and 117 of Royal Decree 217/2008, respectively. The services provided by PIMCO Deutschland GmbH are available only to professional clients as defined in Section 67 para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH-020.4.038.582-2), Brandschenkestrasse 41, 8002 Zurich, Switzerland, Tel: + 41 44 512 49 10. The services provided by PIMCO (Schweiz) GmbH are not available to individual investors, who should not rely on this communication but contact their financial adviser.