PIMCO director of ETF product management Don Suskind, talks with Morningstar’s Scott Burns about how to use the shop’s new MINT ETF (NYSE:MINT), plus insights into the firm’s strategies in active and index offerings. When posed with the question: Is MINT the money market killer? don states the following: “Well, it could be. That would be great if it was. I think there is always going to be a place for money market investments. We don’t recommend MINT for somebody who needs cash overnight or immediate, next day and next week liquidity. Hopefully, people think of their allocation is in a tiering approach, so you have immediate cash needs and that’s not what MINT is appropriate for. Then you have non-immediate, maybe weeks or months or even longer out where you are tactically or strategically sitting on some allocation to cash, maybe you’re out of the markets, maybe you have a specific expense in the future for institutional clients, they have a whole range of reasons why they may be in and out of cash for sometime longer than the horizon of their money market investment.”

See the full interview below:

MINT