PIMCO Launches New ETF, the PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)
Newport Beach, California (May 10, 2023) – PIMCO, a global leader in active fixed income with deep expertise across public and private markets, has announced the launch of the PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT), a new offering in its expanding suite of ETFs. In addition to potential returns from CMDT’s commodity investments, the ETF aims to provide investors with an effective hedge against inflation and further diversification for their overall portfolio.
The fund will invest in a broad range of commodity-linked instruments and seek out diverse sources of excess returns by incorporating multi-factor considerations such as storage costs of physical commodities and historic performance trends.
CMDT will be managed by Greg Sharenow, Managing Director and Portfolio Manager; Lewis Hagedorn, Executive Vice President and Portfolio Manager; Andrew DeWitt, Executive Vice President and Portfolio Manager; Jerome Schneider, Managing Director and Portfolio Manager; and Andrew Wittkop, Executive Vice President and Portfolio Manager.
“Persistent elevated inflation is a concern for investors who want to mitigate the negative effect of rising prices on their long-term savings,” said Mr. Sharenow. “Historically commodities have acted as an effective hedge against inflation, and in today’s volatile markets we believe the asset class also is a compelling option for investors looking for a well-diversified portfolio.”
CMDT, like many PIMCO ETF offerings, embraces an active management approach that aims to help investors meet their long-term investment objectives. Investors can trade CMDT on the NYSE exchange, effective May 10th.
