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Jim Trippon
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Jim Trippon is an Amazon.com bestselling business and finance author, a practicing CPA, and a fee based investment advisor. His portfolio of companies includes J.M. Trippon & Company CPA, Trippon Wealth Management & Trippon Financial Publishing. Jim has dedicated his business career to... More
My company:
Trippon Financial Research, Inc.
My blog:
Global Profit$ Alert
My book:
Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • PIMCO Adds To Its Actively Managed ETF Roster 0 comments
    Feb 18, 2010 2:45 PM | about stocks: SMMU, SUB, SHM, SMB, MINT, MUNI

    PIMCO Adds new Actively Managed ETF

     PIMCO Adds To Its Actively Managed ETF Roster

    About: PIMCO Short Term Municipal Bond Strategy (NYSE: SMMU), PIMCO, Barclays 1-3 Year Municipal Bond Index, iShares S&P Short-Term Municipal Bond Index Fund (NYSE: SUB), SPDR Barclays Short Term Municipal Bond ETF (NYSE: SHM), Market Vectors Short Municipal Bond Index ETF (NYSE: SMB), Enhanced Short Maturity Strategy Fund (NYSE: MINT), Municipal Bond Strategy Fund (NYSE: MUNI), PIMCO ETFs Bookmark and Share

    Fixed income giant PIMCO is adding to its roster of actively managed ETFs with the addition of the PIMCO Short Term Municipal Bond Strategy (NYSE: SMMU). This new offering from PIMCO could be of interest to conservative investors that are looking to generate some tax-exempt income. The new ETF, which began trading on Tuesday, features a portfolio of high-quality, short-duration bonds that are exempt from federal income taxes.

    SMMU, which is PIMCO's third actively managed ETF, will track the Barclays 1-3 Year Municipal Bond Index and compete against offerings such as the iShares S&P Short-Term Municipal Bond Index Fund (NYSE: SUB), the SPDR Barclays Short Term Municipal Bond ETF (NYSE: SHM) and the Market Vectors Short Municipal Bond Index ETF (NYSE: SMB).

    Actively managed ETFs have been met with a tepid response thus far, but PIMCO previous offerings, the Enhanced Short Maturity Strategy Fund (NYSE: MINT) and the Municipal Bond Strategy Fund (NYSE: MUNI) have netted $45 million and $36 million in assets respectively, impressive totals given that the ETFs made their debuts in November and December.

    All three PIMCO ETFs feature expense ratios of 0.35% and the company is planning two launch at least two more actively managed ETFs this year.

    For more information about The ETF Profit Report, visit http://www.etfprofitreport.com/. To see the latest special offer from The ETF Profit Report, visit: http://www.etfprofitreport.com/etfs

    Committed To Your ETF Profits,

    Jim Trippon
    Editor
    ETF Profit Report

    http://www.ETFProfitReport.com
     



    Disclosure: No Positions
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