Currently, the largest direct competitor for TUZ is theiShares Lehman 1-3 Year Treasury Bond ETF (NYSE Arca: SHY), which has $7billion in assets and charges management fees of 0.15%.  If TUZ can attract sufficient liquidity tosupport low-cost trading, it will be a serious challenger to SHY.

In related news, PIMCO also filed papers with the Securitiesand Exchange Commission to launch six additional fixed-income ETFs:

•         PIMCO 3-7 Year U.S. Treasury Index Fund

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•         PIMCO 7-15 Year U.S. Treasury Index Fund
•         PIMCO 15+ Year U.S. Treasury Index Fund
•         PIMCO Broad U.S. TIPS Index Fund
•         PIMCO Short Maturity U.S. TIPS Index Fund
•         PIMCO Long Maturity U.S. TIPS Index Fund

PIMCO ETF WEBSITE: http://www.pimcoetfs.com/

Full Story: http://www.indexuniverse.com/sections/newsinfocus/5930-pimco-launches-etf.html

ETF BASIC NEWS, NYSE:TUZ