As investors hunt for yield, many are turning to actively managed exchange-traded funds focused on bonds, like Pimco's Enhanced Short Maturity Active ETF .
The fund, which has a 5.6% 30-day SEC yield, is a "a first-rate ultrashort ETF," Morningstar senior analyst Paul Olmsted wrote in August.
Trading under the ticker symbol MINT, the ETF holds fixed income securities with durations of no more than one year.
In fact, investors flooded into the fund in October, making it the actively managed bond ETF with the highest inflows last month, according to FactSet.
Investors can capture that higher yield on the short end of the yield curve, Schneider said.
Persons:
Paul Olmsted, Morningstar, Jerome Schneider, Pimco's, Schneider, FactSet, Matthew Bartolini, It's, Treasurys —, who's
Organizations:
SEC, Morningstar, MINT, Street Global Advisors, Research, Federal Reserve, Treasury, Federal, Bear Stearns
Locations:
Pimco