PIMCO Enhanced Short Maturity Active Exchange-Traded Fund [MINT] Stock Forecast

VettaFi's Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors should consider when evaluating ETFs and what's in favor in the current environment on this special episode of ETF of the Week. This was originally featured on a segment “Money Life” with Chuck Jaffe.

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ETF, a short-term bond ETF, has achieved positive returns and outperformed other fixed-income asset classes since early 2023. Other funds, including Janus Henderson AAA CLO ETF, have performed even better. An overview of the MINT ETF, and at some alternatives, follows.

The ultra short-term corner of the bond market has been hitting a 52-week high lately.

Short term bond fund, PIMCO Enhanced Short Maturity Active ETF, has delivered steady total returns in 2023, outperforming other cash parking vehicles and equity indices. MINT offers a low-risk, low-volatility investment option with a total return in excess of 6% for 2023. The fund's portfolio is composed of investment grade debt and has a negligible duration profile, making it well-positioned for higher interest rates.

We are focusing a lot of attention on fixed income at VettaFi in October. This week, we are hosting webcasts with AllianceBernstein and State Street Global Advisors.

Hello, VettaFi Voices! The Wall Street Journal mentioned today that the 10-year Treasury yield is the highest it's been since 2007 as we head into another earnings season.

Investors were net sellers of fund assets for the third week in four, withdrawing a net $17.6B for the LSEG Lipper fund flows week ended October 11. The prospect of an end to Federal Reserve rate hikes buoyed U.S. stocks and bonds during the most recent fund flows week. For the fifth consecutive week, taxable bond funds (ex-ETFs) witnessed net outflows, handing back $2.7 billion this past week - while posting a 0.76% market return on average for the fund flows week.

For investors seeking momentum, PIMCO Enhanced Short Maturity Active ETF MINT is probably on radar. The fund just hit a 52-week high and is up 1.99% from its 52-week low price of $98.14/share.

Bridgewater Associates' founder Ray Dalio said he prefers cash and does not want to own bonds, as quoted on CNBC.

Some cash-like ETFs hit a 52-week high lately as the Fed might hike rates further this year.

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund is a US stock and trading under the symbol MINT

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund stock price is $99.88 today.

Yes, PIMCO Enhanced Short Maturity Active Exchange-Traded Fund is a publicly traded company.