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,
, 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
WisdomTree International Hedged Equity Fund
, a "fund of funds," sounds out its strategy as
U.S. Global Investors
, an investment management firm that includes emerging markets among its focus areas, has the ticker
(GROW - Get Report)
, exactly what one might hope those foreign investments will do for the mutual funds it manages.