PIMCO has rolled out a new exchange-traded fund (ETF). The PIMCO 0-5 Year High Yield Corporate Bond Index Fund will provide investors access to the short-term high-yield U.S. corporate credit market in the ETF.

The new fund will be benchmarked against the BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained Index, adds Index Universe. It will be managed by California-based managing director, Vineer Bhansali.

Click here for the release from Market Wire.

Click here for additional coverage from Index Universe.