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
•         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

Related posts:

1. PIMCO Launches Australia, Canada and German Bond Index ETFs (AUD)
2. PIMCO To Begin Trading The PIMCO Australia Bond Index Fund ETF Tuesday, November 1st
3. PIMCO To Begin Trading The PIMCO Germany Bond Index Fund Thursday, November 10th
4. PIMCO To Begin Trading The PIMCO Canada Bond Index Fund Thursday, November 10th

ETF BASIC NEWS, TUZ