Opinions
Daniel Straus
Horizons High Interest Savings ETF
CASH-T
DON'T BUY
Aug 21, 2024
$50.120
Stock price when the opinion was issued
E.T.F.'s
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Important to note that it's not exactly the same as a high-interest savings account. No CDIC insurance, have to pay trading fees. Very stable price handle until there's a monthly distribution, based on Canadian overnight bank rates. Those distributions have come down as rates have started to decline.
At one point, superior to bonds. But now with yields coming down, money market funds such as ZMMK are very competitive. T-bill ETFs are also competitive.