Brown Brothers Harriman (BBH) has been selected by PIMCO, a global investment management firm, to provide custody, accounting, administration, and transfer agency services to support the launch of a series of PIMCO Source Fixed Income ETFs, including the first actively managed Fixed Income ETF for Europe.
The initial two PIMCO Source Fixed Income ETFs, PIMCO Euro EUR Enhanced Short Maturity Source ETF and PIMCO European Advantage Government Bond Index Source ETF, are Irish domiciled UCITS which were recently listed on the Xetra trading platform of the Deutsche Brse Exchange. The new products are the result of a close collaboration between PIMCO and Source, a specialist provider of exchange traded products, to create and distribute a new range of fixed income ETFs for European investors.
PIMCO is a leading provider of investment solutions. The support of these new PIMCO Fixed Income Source ETFs is an extension of a longstanding and valued relationship between BBH and PIMCO and we are delighted to be servicing their ETF offerings in the European ETF marketplace, said Sen Pircir, partner at BBH.
BBH worked closely with both organizations to develop a unique servicing model to support the launch of these Fixed Income ETFs, which represent the first of their kind in Europe. We are excited about partnering with PIMCO and Source as leading ETF sponsors in developing products which will provide significant value to the investment community, said Shawn McNinch, global head of ETF Services at BBH.