NYSE Euronext (NYX) announced that its wholly owned subsidiary, NYSE Arca, began trading the PIMCO Short Term Municipal Bond Strategy Fund (Ticker: SMMU). The ..…
ETF is sponsored by PIMCO ETF Trust.
The Fund seeks to achieve attractive tax-exempt income, consistent with preservation of capital, by investing under normal circumstances at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax and which securities generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.
Source: ETFWorld – NYSE Euronext (NYX)