PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP
CORP
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
182% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 11
23% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 53
14% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]
11% more funds holding
Funds holding: 156 [Q3] → 173 (+17) [Q4]
3.28% more ownership
Funds ownership: 76.57% [Q3] → 79.85% (+3.28%) [Q4]
2% more capital invested
Capital invested by funds: $971M [Q3] → $993M (+$21.4M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for CORP.
Financial journalist opinion
Neutral
Seeking Alpha
1 day ago
What's Going On With Treasury Rates?
We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.
Positive
Seeking Alpha
11 months ago
CORP: Pimco's Answer To An Investment Grade Corporate Bond Fund
PIMCO's corporate bond ETF seeks to provide optimized exposure to investment grade corporate bonds with excess yield relative to government securities. The fund has over 1,500 holdings, with a focus on investment grade corporate bonds, particularly BBB-rated credits, and has a 6.2 years duration. The ETF has performed similarly to the larger iShares iBoxx $ Investment Grade Corporate Bond ETF, with a slight outperformance due to lower duration.
Positive
Seeking Alpha
1 year ago
The Credit Opportunity In M&A
M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.
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