MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 13, 2013 Money Fund Regs Smile On Some ETFs The SEC's new proposals to require NAVs and restrict redemptions and charge withdrawal fees could advantage ultra-short term ETFs, USA Today writes. Investors who want safety and a cash-like substitute with extra yields may gravitate to these ETFs, such as the Pimco Enhanced Short Maturity ETF [profile]. Morningstar ETF analyst Samuel Lee commented on the PIMCO ETF as a substitute for a money market fund. "One, however, must never forget that MINT is not a money market fund. It does not guarantee a fixed price level. It's also not too big to fail, so don't expect the government to ride to the rescue should it need rescuing." Lee added that the ETF's fees are eating up its yield, which may take the shine off of the fund for investors looking for low-rate higher-yield products. Printed from: MFWire.com/story.asp?s=44272 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |