PIMCO has selected Brown Brothers Harriman (BBH) to provide custody and other services for its new series of ETFs, Fundamentals reports. BBH will also provide accounting, administration and transfer agency services to a new series of PIMCO Source fixed-income ETFs.
The first two ETFs to be launched - the PIMCO Euro EUR Enhanced Short Maturity Source ETF and the PIMCO European Advantage Government Bond Index Source ETF - are Irish-domiciled UCITS listed on the Deutsche Börse Xetra platform. BBH has been working with PIMCO and specialist ETP provider, Source, to develop a servicing model for the launch of the ETFs.
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