Ultra-Short-Duration Bond ETFs as a Cash Alternative
June 20th, 2013 at 1:10pm by Tom Lydon
I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.
On Thursday, I highlighted the PIMCO Enhanced Short Maturity ETF (NYSEArca: MINT) and Guggenheim Enhanced Short Duration Bond ETF (NYSEArca: GSY). With the Securities and Exchange Commission looking to reform the $2.7 trillion money market, ultra-short-duration bond ETFs could be in a great position to serve as a cash alternative. [Short-Duration ETFs Could Capitalize on Money Market Fund Reforms]
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The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.