The two US rivals had been collaborating for three years following Invesco’s acquisition of Source in 2017, however, the firms made the decision to end this partnership at some point last year.
The distribution partnership will officially cease on 12 June with PIMCO integrating the $8.5bn European ETF range into its global ETF platform.
The firm said there will be no changes to portfolio management, investment strategy or fee structure across the range.
PIMCO will now be solely responsible for the distribution and servicing of the ETF range which is available to investors in countries across EMEA, Latin America and Asia-Pacific.
Craig Dawson (pictured), managing director and head of PIMCO EMEA, commented: “Integrating our European UCITS ETF business with our global platform will enable us to continue to offer fixed income ETF solutions to clients and prospects throughout EMEA.”
The decision comes over nine years after PIMCO and Source announced a partnership in December 2010 to create and distribute fixed income ETFs in Europe.
PIMCO currently manages $29bn ETF assets globally across fixed income and smart beta equity strategies.
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