PIMCO, a global leader in active fixed income with expertise across public and private markets, is expanding its exchange-traded fund (ETF) range with the launch of a new active fixed income UCITS ETFs, providing investors access to government bonds through PIMCO’s time-tested active management approach.
The PIMCO Advantage Global Government Bond UCITS ETF (GOVI) is the latest addition to PIMCO’s Advantage Series, the firm’s core UCITS ETFs designed to serve as foundational building blocks in investor portfolios.
The new ETF is actively managed and seeks to maximise total return through a diversified portfolio of global government bonds. It aims to outperform its respective benchmark index - the Bloomberg Global Aggregate Treasury Index - over the medium to long-term while adhering to disciplined risk management principles. The new ETF complements PIMCO’s existing mutual fund offerings in Global aggregate bond strategies.
The PIMCO Advantage Global Government Bond UCITS ETF will be managed by Martin Svorc, Executive Vice President and Portfolio Manager, Andrew Balls, Managing Director and CIO Global Fixed Income, and Sachin Gupta, Managing Director and Portfolio Manager.
“The expansion of our UCITS ETF range represents a significant milestone in our commitment to providing investors with actively managed solutions.”
Ryan Blute
“By combining PIMCO’s 50+ years of active fixed income management rigor, our track record in global fixed income and core bond solutions, and expertise with the efficiency of the ETF structure, we are providing clients with the foundational building blocks to navigate today’s complex markets and pursue their long-term investment goals. With high quality sovereign yields presenting attractive opportunities, diversified government bond exposure can offer income potential, liquidity and a defensive anchor, while duration provides a straightforward way for investors to position for macro trends as monetary policies normalise.”
PIMCO has been a pioneer in active fixed income ETF investing for over 15 years, having launched Europe’s first active fixed income UCITS ETF in 2011. Today, PIMCO’s UCITS ETF platform includes $8.9 billion [Note 1] in assets and, with the addition of this new fund, now offers 11 funds spanning short term, investment grade, high yield and emerging markets.
Investors can trade the PIMCO Advantage Global Government Bond UCITS ETF on the London Stock Exchange, effective 17 December 2025. The fund will disclose holdings on a quarterly basis with a 30-day lag, balancing transparency with portfolio management flexibility. The PIMCO Advantage Global Government Bond UCITS ETF is available on the London Stock Exchange with USD and GBP hedged share classes, providing investors with additional flexibility to help manage currency risk.
Note
[1] As of 31 December 2025. | Back to Note 1