iShares, the world's biggest ETF company, filed regulatory
paperwork to market four new bond funds, including one updated
registration statement suggesting its actively managed short-term
clone of the Pimco Enhanced Short Maturity Strategy ETF
(NYSEArca:MINT) is near launch.
The company said the iShares Ultrashort Duration Bond Fund would
be listed on Kansas City, Mo.-based BATS, the third-biggest U.S.
stock exchange, under the ticker symbol "NEAR." It also said NEAR
would come with an annual expense ratio of 0.25 percent, or 10
basis points less than Pimco's MINT, an ETF with $1.89 billion in
It said in the filing that NEAR would hold dollar-denominated
investment-grade corporate and government debt with a MINT-like
effective duration of up to one year. Updating registration
statements with such specific information often suggests a fund's
launch is nearing, if not imminent.
The company put a total of 11 ETFs into registration this week,
including seven equity funds, and in sum, all the filings with the
Securities and Exchange Commission were a strong echo of the
feverish pace with which it put new funds into registration earlier
Indeed, the San Francisco-based company appears to be enhancing
its stature as the one-stop shop for investors seeking most types
of plain-vanilla funds registered under the Investment Company Act
The other three bond funds apart from NEAR that it put into
registration-all of them indexed strategies-are as follows:
- iShares Barclays Global Aggregate Bond Fund
- iShares Barclays Global Aggregate ex USD Bond Fund
- iShares Barclays 1-5 Year Government/Credit Bond Fund
The paperwork didn't stipulate proposed expense ratios or
tickers for the three funds or the exchange where they might have
their primary listings.
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