What's in a Name? For Stock Tickers, Plenty.
Fund-loving people
Fund managers may be serious, all-business sorts, but there is still opportunity for some creativity when naming their offerings.
In March, Pimco's Enhanced Short Maturity Fund became the very first actively managed ETF to exceed $1 billion in assets under management. The ticker, (MINT), might make you think of printing money, which was the intent for the near-cash, capital preservation strategy of its investments in money markets, longer maturity bonds and investment-grade fixed income securities.
SPDR Barclays Capital 1-3 Month T-Bill ETF went with the simple (BIL) while WisdomTree International Hedged Equity Fund, a "fund of funds," sounds out its strategy as (HEDJ).
U.S. Global Investors, an investment management firm that includes emerging markets among its focus areas, has the ticker (GROW), exactly what one might hope those foreign investments will do for the mutual funds it manages.Select the service that is right for you!
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