US-based fixed income fund manager PT Asset Management (PTAM) has entered Europe with the launch of a bond Ucits ETF.
PTAM has partnered with ETF platform HANetf for the launch of the Performance Trust Total Return Bond Ucits ETF.
The active ETF, the fifth such fund to be launched on the HANetf platform, will initially be listed on Deutsche Boerse Xetra.
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According to PTAM, the fund is designed to provide exposure to the US$59.9 trillion US bonds market.
“The launch of the Ucits ETF not only represents our first venture in the European market, it is a testament to PT Asset Management’s commitment to provide investors with fixed income strategies that help navigate the complexities of global financial markets,” said Sean Dranfield, CEO and principal at PTAM.
