Loading…
Loading…
As the hunt for yield and stability remains a cornerstone of portfolios in 2026, a group of iShares short-term bond ETFs have made a strategic move to the Big Board today. Four prominent short-term fixed-income vehicles have officially transitioned their primary listing to the New York Stock Exchange (NYSE).
The iShares Prime Money Market ETF (PMMF) eliminates duration risk amid growth rebound considerations and inflation still running hot. However, a growth rebound also makes some credit risk more appealing at the moment at low durations, provided by FLOT which also has a very low duration. Expense ratios are also lower on effectively similar low duration alternatives.
Multiple factors, including questions around interest rates, persistent inflationary pressures, and global volatility, are shaping the fixed income landscape in 2025. As investors seek ways to navigate uncertainty and maintain liquidity during periods of market stress, several key product launches have emerged in fixed income.
PMMF is a newly launched ETF designed to offer intra-day trading liquidity for money market fund-like investments, adhering to SEC Rule 2a-7. This distinguishes it from traditional money market funds that operate with end-of-day NAV calculations. While aiming for high current income with liquidity and principal stability, PMMF's holdings, which include bank deposits and tri-party repos, introduce some counterparty credit risk, unlike pure T-Bill ETFs.
Money market mutual funds have long been a popular cash management tool for investors looking to park cash short-term, while preserving capital and picking up some return and yield. Now, there are money market ETFs for that, too.
Stocks are holding firm near all-time highs. But Wall Street can't ignore the record amounts of cash still parked on the sidelines.
NEW YORK--(BUSINESS WIRE)--Today, BlackRock expanded the way investors can manage their cash with the launch of two money market ETFs, including the industry's first prime money market ETF. The iShares Money Market ETFs - the iShares Prime Money Market ETF (NYSE: PMMF) and the iShares Government Money Market ETF (NYSE: GMMF) - combine the quality and liquidity of regulated money market funds with the transparency and efficiency of the ETF structure.
On Wednesday, BlackRock bolstered its expansive fund library with the release of two new funds. Each of these funds offers a different take on a money market fund strategy.
No recent filings indexed.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
Click below to see what's inside, then upgrade to read every transcript for PMMF and 80,000+ other tickers.
Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.