Opinions
Hank Cunningham
CI High Interest Savings ETF
CSAV-T
BUY
Jan 17, 2024
$50.180
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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BUY
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
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.