The Wall Street Journal writes about ETFs today and mentions the about-​to-​be-​launched Bear Stearns Current Yield Fund, an "enhanced cash ETF". The fund, symbol YYY, "​is among the closest to the finish line", says WSJ, and has amended its SEC application recently. The ETF "would be an enhanced cash fund, which typically seeks more yield than typical money-​market funds and would focus on areas like mortgage-​backed and asset-​backed securities, as well as municipal and corporate debt," says the Journal. See too Crane Data'​s previous story on "​Cash ETFs".

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