VCTR - Pimco launches two active fixed income ETFs and Victory starts new index ETF

2023-06-22 12:41:22 ET

Pimco, part of Allianz SE ( OTCPK:ALIZF ), and Victory Capital Holdings ( NASDAQ: VCTR ) are launching a total of three new ETFs on Thursday.

Pimco is offering two active fixed income ETFs that aim to provide attractive yields to investors interested in opportunities in the credit markets as well as short-term U.S. government securities.

The Pimco Multisector Bond Active ETF (PYLD) is a benchmark-agnostic fund that will invest in multi-sector fixed income across the global bond market with an emphasis on investments that are strategic, or long-term in nature, to maximize potential yield while seeking long-term capital appreciation.

The Pimco Ultra Short Government Active ETF ( NYSEARCA: BILZ ) will invest in high-quality U.S. government-related short-term assets and cash as it seeks to maximize yield and preserve capital for investors who are looking to move out of traditional cash investments.

Both ETFs started trading on June 22 on the NYSE Arca.

The new Victory Capital ( VCTR ) product, called the VictoryShares Free Cash Flow ETF (VFLO), seeks to provide investment results that track the Victory U.S. Large Cap Free Cash Flow Index, which invests in profitable U.S. large-cap companies with high free cash flow yields and favorable growth prospects.

The index screens an initial universe of companies for historical and projected free cash flows, then eliminates companies with the worst growth characteristics in order to seek better outcomes in a variety of market environments, the company said.

In Tom Roseen's U.S. Weekly FundFlows Report, Nondomestic Equity ETFs Attract Their Largest Weekly Net Inflows on Record

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