MINT - MINT: 5.7% Yield But Cash Parking Has Better Alternatives Today
2024-05-16 23:51:57 ET
Summary
- PIMCO Enhanced Short Maturity Active Exchange-Traded Fund aims to maximize current income and preserve capital for investors.
- MINT invests in USD-denominated, investment grade fixed income securities with a focus on local securities.
- The fund keeps the average duration of its portfolio to one year or less, minimizing interest rate risk.
- We go over why we backed the fund in the past but are moving away from it now.
The Fund
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ( MINT ) seeks to maximise current income, while giving due importance to preservation of capital. This actively managed ETF is geared towards investors that want to park their cash whilst waiting for opportune investments. The returns since inception show that the fund has managed to keep its investors (and their emotions) in the positive territory....
MINT: 5.7% Yield, But Cash Parking Has Better Alternatives Today