Pimco to launch funds in Canada - MoneySense

Pimco to launch funds in Canada

Bond giant will target the retail market.


Bond fund giant Pimco is entering the Canadian retail market, according to the Globe and Mail. The company will likely offer competitively priced funds aimed at the mutual fund market.

Pimco says it will file with regulators to have at least five mutual funds on sale by the spring RRSP season. The company opened a Canadian office in 2004, but it has only been catering to pension plans.