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MINT - MINT - Short Duration Bond Fund Losing Altitude
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT is a short duration bond fund that many investors look at as a money market fund due to its historic stability and enhanced yield profile.
In the past six months since the Fed announced the asset taper and the market started pricing in rate hikes, MINT is slightly down.
The current fund duration is 0.66 years, and while very small, it nevertheless portrays a financial instrument that is going to lose value as rates rise.
We advise to move into pure cash until the rates environment has stabilized.