New ETP 2012.02.12
The Pimco Foreign Currency Strategy ETF aims to generate returns from both secular and cyclical changes in global currency dynamics and draws upon PIMCO’s decades of experience investing in global currency markets. FORX’s strategic currency allocations across developed and emerging market currencies are informed by fundamental, macroeconomic views from PIMCO’s investment management process. In addition, PIMCO’s scale and presence across major global trading hubs should provide FORX with tactical opportunities around shorter-term cyclically and technically driven imbalances in global currency valuations. FORX is designed to benefit from the firm’s expertise in active currency and fixed income investing, economic forecasting, central bank policy analysis and risk management.
ETF name: PIMCO Foreign Currency Strategy ETF
Benchmark: Actively Managed