ETF Chart of the Day: Pimco Enhanced Short Maturity Strategy (MINT) | ETF Trends

Global stock exchange traded funds are selling off Friday after a disappointing nonfarm payrolls report for August. Now might be a good time to take another look at an ETF that’s designed as an alternative to money market funds for investors looking for a safe place to stash cash.

An ETF that we highlighted in this report going back nearly two years as one for fund managers and institutions to pay attention to is Pimco Enhanced Short Maturity Strategy (NYSEArca: MINT).

Since launching in November of 2009, the actively managed fund has garnered over $1.4 billion in assets under management and seems to appeal to those portfolio managers that are looking for a stable cash position in ETF form outside of using a traditional money market mutual fund. [Pimco ETF Geared to Risk-Averse Investors]

Amidst the recent volatility in the equity markets, we have seen more interest from managers in MINT as a potential cash management tool within ETF portfolios.