PIMCO Set to Launch Money Market Alternative ETF

Exchange traded fund (ETF) provider and bond giant PIMCO is launching a new fund today that’s billed as being a “higher-yielding alternative to money market funds.” PIMCO Enhanced Short Maturity Strategy Fund (NYSEArca: MINT) is an actively managed ETF that will primarily invest in short duration investment-grade debt securities. The portfolio’s average duration varies, depending on [...]