We 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 4.1%
It invests in high interest savings accounts in different banks. It accumulates interest and pays a dividend. Even if it pays much the same as a GIC he can still trade it. 28% of his holdings are in cash
This low MER ETF is a great way to hold cash within your portfolio. It holds capital in deposits with Schedule 1 banks. It offers a high interest yield, thanks to today's current interest rate environment - great for holding within registered accounts. This is not a holding to generate massive capital gains - just one to park your cash. Yield 4.7%
Global X High Interest Savings ETF (CASH.TO) Frequently Asked Questions
What is Global X High Interest Savings ETF stock symbol?
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
Is Global X High Interest Savings ETF a buy or a sell?
It holds several high-interest savings accounts and pays a monthly dividend. Predictable.