After Texas Capital, BlackRock Files For Two New ETFs With Low Risk. Here's How Their Peers Fared In The Past Year
After Texas Capital, BlackRock Files For Two New ETFs With Low Risk. Here's How Their Peers Fared In The Past Year
In September, BlackRock liquidated two open-end money market funds in response to upcoming SEC rule changes requiring liquidity fees for prime institutional funds.BlackRock has submitted filings to introduce two new money market funds in ETF form on Thursday. These new offerings, named iShares Prime Money Market and iShares Government Money Market ETFs, will comply with the Securities and Exchange Commission's Rule 2a-7, ensuring high-quality ratings and minimal credit risk.
貝萊德已於週四提交申請，引入兩隻新的貨幣型基金etf。這些新產品名爲iShares Prime Money Market和iShares Government Money Market ETFs，將遵守證監會規則2a-7，確保高質量評級和最小信用風險。
The move follows Texas Capital Bancshares Inc's (NASDAQ:TCBI) launch of the first 2a-7 ETF in September. Financial Times reported on Thursday that both BlackRock funds will focus on securities with maturities of 397 days or less, maintaining a dollar-weighted average maturity of 60 days or fewer and a dollar-weighted average life of 120 days or fewer.
此舉是繼德克薩斯首都銀行股份有限公司（納斯達克：TCBI）於九月份推出第一隻2a-7 ETF之後。《金融時報》週四報道稱，貝萊德的這兩隻基金將專注於債務到期日短於397天的證券，保持加權平均期限在60天或更短，加權平均存續期爲120天或更短。
Details on the proposed ETFs' fees were not disclosed in the filings. Texas Capital's ETF charges a fee of 0.20%, while BlackRock's similar existing ETFs have lower fees, such as the iShares US Treasury Bond ETF (BATS:GOVT) at 0.05% and the 0-3 Month Treasury Bond ETF at 0.09%.
提議的etf費用細節未在文件中披露。德克薩斯首都的etf收取0.20%的費用，而貝萊德的類似現有etf收取較低費用，如iShares美國國債ETF（BATS：GOVT）爲0.05%，而0-3個月國債ETF爲0.09%。
In September, BlackRock liquidated two open-end money market funds in response to upcoming SEC rule changes requiring liquidity fees for prime institutional funds.
九月份，貝萊德清算了兩隻開放式貨幣市場基金，以響應即將實施的證監會規定，要求對主要機構基金收取流動性費用。
The introduction of these ETFs by BlackRock comes amid a significant shift in the money-market industry. Recently, the $6.3 trillion money-market sector saw the launch of its first ETF, the Texas Capital Government Money Market ETF (NYSE:MMKT), which capitalizes on the surge in money-market funds driven by high short-term yields. This ETF offers investors a safe haven with competitive returns, providing intraday liquidity and the stability of traditional money-market funds.
貝萊德推出這些etf之際，貨幣市場行業發生了重大變化。最近，價值6.3萬億美元的貨幣市場行業看到了首隻etf的推出，即德克薩斯首都政府貨幣市場etf（紐約交易所：MMKT），利用了因短期收益率高而推動的貨幣市場基金激增。這隻etf爲投資者提供了一個安全的避風港，具有競爭力的回報，提供了逐筆流動性和傳統貨幣市場基金的穩定性。
Here's how some of the existing money market fund ETFs have performed in the past year:
以下是過去一年中一些已有的貨幣市場基金etf的表現：
- NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSE:CSHI): The fund is managed by Neos Funds and holds $465 million worth of net assets. Its yearly return has been 5.72% compared to the category average of 6.51%.
- Invesco Ultra Short Duration ETF (NYSE:GSY): With net assets close to $2.23 billion, the ETF launched by Invesco seeks to provide returns in excess of cash equivalents and provide preservation of capital and daily liquidity. The average duration of maturity is less than a year. The yearly returns of the fund have been 6.76% while the category average is 6.51% and its three-year returns have been 3.62% against the category average of 3.49%.
- PGIM Ultra Short Bond ETF (NYSE:PULS): This ETF is issued by PGIM Investments and has net assets close to $8.56 billion. It normally maintains a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less. The fund's returns in the past year have been 6.53% against the category average of 6.51% while its three-year return has been 4.33% against the category average of 3.49%.
- NEOS Enhanced Income 1-3 Month t-Bill ETF（紐約交易所：CSHI）：該基金由Neos Funds管理，持有46500萬美元的淨資產。其年回報率爲5.72%，而行業平均水平爲6.51%。
- 景順超短期債券etf（紐約交易所：GSY）：擁有近23億美元淨資產的etf由景順推出，旨在提供超過現金等價物的回報，並提供資本保值和每日流動性。平均到期日短於一年。該基金的年回報率爲6.76%，而行業平均水平爲6.51%，三年回報率爲3.62%，高於行業平均水平3.49%。
- PGIm Ultra Short Bond ETF (紐交所:PULS)：該etf由PGIm投資發佈，淨資產接近85.6億美元。它通常保持加權平均持倉期限爲一年或更短，加權平均到期爲三年或更短。該基金過去一年的回報率爲6.53%，而同類平均回報率爲6.51%，其三年回報率爲4.33%，而同類平均回報率爲3.49%。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：本內容部分由Benzinga Neuro幫助製作，並經Benzinga編輯審查和發佈。
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譯文內容由第三人軟體翻譯。
