Invesco PowerShares launches European short-dated high yield ETF

PIMCO to manage portfolio

Tom Eckett
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Second product to be listed in Europe since Source acquisition
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Second product to be listed in Europe since Source acquisition

Invesco PowerShares has launched a short-term high yield ETF, which will be a Europe-focused version of the firm's existing US product and will be managed by PIMCO.

The PIMCO Euro Short-Term High Yield Corporate Bond Index Source UCITS ETF will invest in a selection of high yield securities with a maximum duration of five years with an issuer cap of 2%, excluding...

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