He called PIMCO about this. It is an expensive ETF, like 75 basis points. A global ETF. They can’t do less than 50% investment grade. Emerging markets there and high yield that he wouldn’t normally go to. But, it is PIMCO. He wouldn’t buy it for retirees’ clients. The Management team knows what is doing. If the risk tolerance was there and time horizon is there, he would consider them.
Would you use an ETF to invest in Emerging Markets? Particularly looking at India, what ETF should I use? In terms of buying an India ETF, he wouldn’t have any problem buying one (BMO has one and iShares, etc.). India is much more transparent that China. In terms of Emerging Markets’ ETF, he will talk about one of them on the Top Picks section.