Texas Capital Government Money Market ETF Price & Performance (MMKT)

Charles Schwab has filed with the SEC to launch its first money market ETF, the Schwab Government Money Market ETF (SGVT). This innovative fund will invest in U.S. government securities and adhere to a floating NAV structure, offering investors a flexible cash management option. Approval is anticipated by May 28.1

Money market ETFs are gaining popularity as investors seek liquidity and tradability advantages over traditional mutual funds. With assets in money market funds surpassing $6.8 trillion in 2024, ETFs like Texas Capital's MMKT and BlackRock's GMMF are poised to capture market share. Their floating NAVs offer transparency but may require investor adjustment.2

Assets in money market funds have surged to $7 trillion as investors seek stability amid volatile markets. These funds, including government and municipal varieties, offer attractive yields and safety. ETFs are also emerging as alternatives, adhering to SEC rules while providing flexibility for both retail and institutional investors.3