
TSE:CASH
This summary was created by AI, based on 4 opinions in the last 12 months.
The Global X High Interest Savings ETF (CASH-T) is regarded as a defensive holding during times of market uncertainty, with its deposits secured in Canadian Chartered Banks. Experts emphasize the ETF's low management expense ratio (MER) and its ability to provide a respectable yield of around 2.5%. Michael O'Reilly, a Stockchase Research Editor, highlights the importance of holding cash in the current market environment, particularly as breadth in the market shows signs of deterioration. While some investment strategies prioritize full market presence, O'Reilly advocates for a selective approach, deploying cash positions when favorable market conditions arise. With indications of corrections in commodities and pressures on certain sectors, maintaining cash reserves appears to be a prudent strategy for current market scenarios.
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.
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.
Global X High Interest Savings ETF is a Canadian stock, trading under the symbol CASH.TO (previously CASH-T on Stockchase) on the Toronto Stock Exchange (CASH-CT). It is usually referred to as TSX:CASH or CASH.TO
In the last year, 4 stock analysts published opinions about CASH.TO (previously CASH-T on Stockchase). 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Global X High Interest Savings ETF.
Global X High Interest Savings ETF was recommended as a Top Pick by Keith Richards on 2023-10-09. Read the latest stock experts ratings for Global X High Interest Savings ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Global X High Interest Savings ETF in the last year. It is a trending stock that is worth watching.
On 2026-06-10, Global X High Interest Savings ETF (CASH.TO) stock closed at a price of $50.03.
(Note the short timeframe.) The risk on the markets didn't play out. But he's systematic. If indicators (such as the Bear-o-meter) say higher risk than normal, he holds more cash. He sold this ETF, but still holds "cash cash" and has been legging into the market over the last couple of weeks.