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Thanks to all for the impressive response to my OT: post about MONEY MARKET FUNDS.
I am sending this email with the answers collected into one email for my ease of study,
just in case others might want to study these answers further from one place.
Ron D
----- Original Message ----
From: mrdavis9 <mrdavis9@xxxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Friday, January 12, 2007 9:12:25 AM
Subject: [amibroker] OT:ETF's for MONEY MARKET FUNDS
===================================================
How about the funds mentioned in this article
http://www.smartmoney.com/etf/education/index.cfm?story=betterliving2004
( I just did a google on 'money market etf' and got a few hits.)
Wes Smith
========================================================
There are Closed End Funds that pay dividends monthly that I use.
Look in etfconnect.com or dividenddetective.com for ideas. You are of
course exposed to share price changes that can easily swamp any
dividend income you may receive.
IB itself has a Notes program (that I'm not supposed to disclose) that
pays quarterly at a nice return. However, it appears that they are
getting all the money they need from banks now, so I think they will
shut this program down eventually.
You can buy individual bonds at IB, although the minimum is several
million - more money than I have!
I've decided the safest thing to do is just let your cash sit until
you find another investment.
ReefBreak
========================================================
Barclays Finally Releases New Fixed-Income ETFs
Matt Hougan (IndexUniverse.com) submits: The paucity of fixed-income exchange-traded funds in the United States has baffled industry observers for some time. Despite representing a market nearly as large as equities, there have been just six fixed-income ETFs available to investors ... until now.
Barclays Global Investors [BGI], the developers of the original six fixed-income funds, significantly expanded its bond ETF offerings with the launch of eight new funds onto the New York Stock Exchange.
The new funds are:
The prospectus is available here.
It's nice to see the expense ratios on the funds stay low; the pricing is extremely competitive compared to other bond funds.
The prospectus includes a ninth fund, tied to the Lehman Brothers MBS Fixed-Rate Index, which measures the performance of GNMA, Fannie Mae and Freddie Mac mortgage debt; that fund is still under development.
Filling The Line-Up
The funds complement the existing iShares funds, and fill out BGI's offerings in the Treasury, Corporate and Mixed security markets. With the launches, BGI now offers funds covering the following maturities in the three different categories (new funds are in bold; unless noted, the funds track Lehman indexes).
Treasuries
Lehman Short: ears
Lehman 20+ Years
Corporate Credit
iBoxx $ Investment Grade (Broad-based)
Lehman 1-3 Year Credit
Lehman Intermediate Credit (>1 and span style='color:black;mso-color-alt:windowtext'>
Combined
Lehman Aggregate (Broad-Based)
Lehman Intermediate Government/Credit Bond
Lehman Government/Credit Bond (>1 year)
The Lehman Aggregate differs from the Lehman Government/Credit funds in that the Aggregate includes mortgage-backed securities, while the Government/Credit includes only government and corporate debt.
The big hole in the line-up is municipal bonds; there continues to be a notable absence of a muni bond ETF.
There are other fixed-income ETFs under development: Ameristock, the developers of the U.S. Oil Fund (USO), is working on five fixed-income Treasury bond funds tied to indexes from Ryan ALM; there is no word yet on when those funds will be launched.
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