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The Evolve High Interest Savings Account ETF (HISA-NE) has been evaluated by experts who suggest that it offers a slightly better return than holding cash, making it a viable option for capital preservation. However, it has distinct characteristics compared to traditional high-interest savings accounts, lacking CDIC insurance and incurring trading fees. Despite its stability, the ETF's monthly distributions have seen a decline as Canadian overnight bank rates have decreased, raising concerns about its competitiveness against money market funds like ZMMK and T-bill ETFs. Overall, while HISA-NE can be a suitable short-term holding, its attractiveness may be waning as alternative investments become more appealing in the current economic landscape.
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.
Evolve High Interest Savings Account ETF is a OTC stock, trading under the symbol HISA-NE on the (). It is usually referred to as or HISA-NE
In the last year, 1 stock analyst published opinions about HISA-NE. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Evolve High Interest Savings Account ETF.
Evolve High Interest Savings Account ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Evolve High Interest Savings Account 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.
In the last year, there was no coverage of Evolve High Interest Savings Account ETF published on Stockchase.
On , Evolve High Interest Savings Account ETF (HISA-NE) stock closed at a price of $.