“Institutional investors are reportedly turning toward ETFs, particularly ultra-short-term bond funds, as their choice du jour to equitize massive amounts of cash. Think funds like the $7.3 billion PIMCO Enhanced Short Maturity Active ETF (MINT), the$2.6 billion iShares Short Maturity Bond ETF (NEAR) and the newcomer Arrow Reserve Capital Management ETF (ARCM), with $50 million in assets. Together they have attracted more than $2 billion in combined new assets in 2017. Meanwhile, money market mutual funds have faced net redemptions this year. Joe Barrato, CEO of Arrow Funds, talks about the space and why these ETFs are winning the race.”