Opinions
John Hood
CI High Interest Savings ETF
CSAV-T
TOP PICK
Jan 03, 2023
It holds the high-interest savings accounts from the major banks, but you don't get the insurance from those HISA's. However, they yield around 4.7%. No expense ratio.
$50.080
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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Risks?
Very popular. Exposure to money markets of the various banks in Canada. Risk of rates retreating is always a risk, as these will be very responsive to whatever the current rate of interest is. Other than that, doesn't see significant risk.
There's always the credit risk of the underlying banks that are providing the yield that these ETFs are buying. Pretty safe, as credit ratings of major Canadian banks are pretty high and seem stable. Reasonable MER at 0.14%.
E.T.F.'s