Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) Horizons High Interest Savings ETF CASH-T TOP PICK Apr 03, 2025

Stockchase Research Editor: Michael O’Reilly

As the market struggles with US Administration tariffs, CASH is a low MER high interest savings ETF to hold cash in the interim.  Yield 3.8% 

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BUY

Good place to park your money, and fees are low. 

Not much different from a money market fund, except the quality of the underlying securities might be a bit higher in a MM fund.

HOLD

Regulators have been threatening for several months to clamp down on the returns on these HISA ETFs. Some providers have tossed treasury bills into the mix. Any declines will be limited to only 20-30 basis points. So, he's holding onto his cash ETFs for now. No point in owning several of these, because they're all the same.

BUY

Premium yield is not as high as it used to be. Benefits to certain investors depending on needs. Would recommend buying. Is a safe product. 

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

We again reiterate this low MER ETF as a great way to hold cash within your portfolio.  It holds capital in deposits with Schedule 1 banks and offers a high interest yield - great for holding within registered accounts.  This is not a holding to generate massive capital gains - just one to park your cash.  Yield 5.0%

BUY

If he was concerned about a downturn, he'd just look at a daily high interest ETF like HISA or PSA. Those ones give you 5-5.5% right now, and next day liquidity.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate this low MER ETF as a great way to hold cash within your portfolio.  It holds capital in deposits with Schedule 1 banks and offers a high interest yield - great for holding within registered accounts.  This is not a holding to generate massive capital gains - just one to park your cash.  Yield 5.0%

DON'T BUY
Where to park money for capital preservation?

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.

PAST TOP PICK
(A Top Pick Jul 04/24, Up 0.62%)

He wanted to be 25% in cash. He spent 2% of it last week in buying positions. Will continue this a bit at a time and will be fully invested by the end of October.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

There are times to be aggressive at adding capital into markets and there are times to be patient.  With markets priced at near perfection for valuations, CASH is a low MER high interest savings ETF to hold cash in the interim.  Yield 3.8%