- 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.
For further details see:
MINT - Short Duration Bond Fund Losing Altitude