Opinions
Richard Orrell
Evolve High Interest Savings Account ETF
HISA-NE
COMMENT
Jan 20, 2025
N/A
Stock price when the opinion was issued
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It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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DON'T BUY
Where to park money for capital preservation?
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.
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It is a little bit better than cash. There is nothing wrong with this as a place to hold cash. He sees the economy as being strong.