MarketWatch writes "Pimco short-maturity ETF fills a niche". The article says, "An actively managed exchange-traded fund from bond giant Pimco has attracted investors seeking to boost the paltry yields in the cash portion of their portfolios. Pimco Enhanced Short Maturity Strategy Fund (MINT) has grown to nearly $800 million in assets in little more than a year.... The short-maturity fund is one of Pimco's most successful early offerings and is also one of the largest actively managed ETFs." The MarketWatch piece continues, "Pimco Enhanced Short Maturity Strategy Fund seeks to provide a better return than money-market funds and targets investment-grade debt securities with extremely short durations. The ETF had an SEC 30-day yield of 0.66% as of Dec. 29, according to Pimco, while the fund charges a management fee of 0.35%." It adds, "Jerome Schneider, the portfolio manager, said the ETF is designed for investors who will need to deploy cash in the intermediate term, such as a few weeks, months or even years. The fund offers 'a relatively safe and attractive yield.'"
