Bringing you live news and features since 2006 

SCM Private and 7IM invest in Pimco Source’s ‘Sterling Mint’

RELATED TOPICS​

SCM Private and 7IM have both invested in The PIMCO Sterling Short Maturity Source ETF (Sterling MINT), an exchange traded fund designed to meet a clear need in the market for high quality, diversified and well managed cash management tools, while providing the added benefits of enhanced yield potential.  

The fund delivers its performance through an actively managed portfolio of short term investment. It aims to capture opportunities in the short-term fixed income markets, while remaining focused on security and liquidity.

Justin A Urquhart Stewart, Managing Director at 7IM says: "The good news is there are a lot of cash ETFs available to investors, however the Sterling Mint product is distinctly different from any others in that it is designed to deliver enhanced yield while maintaining high levels of security and liquidity. As such, it is an essential tool for cash allocation in any balanced fund".

Alan Miller, Founder of SCM Private says: "We decided to invest in Sterling MINT because of the extra yield it offers over short term cash whilst its focus on investing in ultra short duration securities with a high credit rating  should preserve capital and maintain high liquidity. Furthermore, we appreciate the full transparency and daily publication of the portfolio holdings, currently unavailable in most non ETF products.”
 
Mike Amey, Head of Sterling Portfolios at PIMCO and Fund Manager of Sterling MINT (BBG: QUID LN), says: "With a current yield to maturity of 1.10% and duration of ¼ of a year, Sterling MINT presents an attractive proposition to investors. We believe that short-dated sterling  rates will remain low for a multi-year period and as such investors will increasingly look to achieve higher yields within a high quality, secure and well diversified portfolio. Sterling MINT is specifically designed to do this by taking an active approach to cash management through a robust, liquid and transparent ETF structure. The fund will fully utilise PIMCO’s investment process and active management expertise in analysing appropriate opportunities in short-dated securities both within the UK and globally, when hedged returns look sufficiently attractive.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by