Clearstream enables investor access to ETFs 13 January 2014Luxembourg Reporter: Daniel Jackson
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Clearstream, in partnership with Vestima, the largest global fund processing platform, will offer investors direct access to an actively managed PIMCO Source exchange-traded fund for the first time.
The ETF will be listed on Deutsche Börse as of 13 January 2014. Investors are now able to directly buy and sell shares in this ETF through Vestima in the same way as for a mutual fund. ETFs continue to enjoy growing popularity as investors increasingly value and benefit from unique features of these instruments.
Howard Chan, vice president and product manager for PIMCO’s ETF products in EMEA, said: “ETFs are generally recognised as a highly attractive instrument for both retail and institutional investors. The availability on Vestima extends access to this ETF to a larger and new group of investors. Vestima reduces the execution complexities for those investors who utilize both ETFs and mutual funds in their investment portfolios.”
Philippe Seyll, member of the executive board of Clearstream and head of investment funds services, said: “We are pleased to introduce the first actively managed covered bond ETF, managed by PIMCO, onto our Vestima platform, which currently gives access to more than 125,000 mutual funds. Our objective is to provide investors with a standardised process for all their fund transactions – from mutual funds to ETFs and hedge funds – by using the same platform.”
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