PIMCO is marking the five-year anniversary of its first actively managed exchange-traded fund, the PIMCO Enhanced Short Maturity Active ETF (MINT).
The ETF has returned 1.20 per cent on an annualised basis after fees since its inception five years ago. The index, in contrast, returned only 0.07 percent since November 2009.
MINT, which has USD3.6 billion in total net assets, is managed by Jerome Schneider, Managing Director and head of PIMCO’s short-term and funding desk. Schneider also manages the $14 billion PIMCO Short-Term Fund and the PIMCO Low Duration Active ETF, or LDUR.
Schneider says: “MINT, which was designed as an alternative to money market funds, aims to offer investors more attractive risk adjusted returns by investing in liquid short-duration investment-grade assets that are just beyond the reach of traditional cash-like vehicles.”
PIMCO now offers investors a suite of actively managed ETFs, including the PIMCO Total Return Active ETF, or BOND, which combine our best investment ideas with the convenient access, daily portfolio transparency and intra-day pricing these funds provide.