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Global X Cash Maximizer Corporate Class ETF (HSAV-T) is characterized as an efficient low-MER ETF that primarily invests in deposits within high-interest savings accounts of Canadian chartered banks. This makes it a secure option for investors looking to preserve capital while earning a modest yield. A distinguishing feature of this Corporate Class ETF is its tax efficiency; it does not distribute interest, which means that profits are recognized as capital gains upon sale, making it particularly suitable for non-registered accounts. Although the ETF currently offers a gross yield of 2.5%, its official yield stands at 0%, emphasizing its role as a cash management tool rather than a traditional income-generating investment. Overall, HSAV serves as a reliable cash parking solution while minimizing tax implications for investors.
Global X Cash Maximizer Corporate Class ETF is a Canadian stock, trading under the symbol HSAV-T on the Toronto Stock Exchange (HSAV-CT). It is usually referred to as TSX:HSAV or HSAV-T
In the last year, there was no coverage of Global X Cash Maximizer Corporate Class ETF published on Stockchase.
Global X Cash Maximizer Corporate Class ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Global X Cash Maximizer Corporate Class ETF.
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In the last year, there was no coverage of Global X Cash Maximizer Corporate Class ETF published on Stockchase.
On 2025-05-09, Global X Cash Maximizer Corporate Class ETF (HSAV-T) stock closed at a price of $115.09.
HSAV is a low-MER ETF that holds deposits in Canadian chartered bank High Interest Savings accounts -- a safe haven for parking cash. As a Corporate Class ETF, it does not pay any interest or distributions, making it highly tax efficient for non-registered accounts -- when you sell you generate a capital gain. The underlying portfolio has a current gross yield of 2.5%. Yield 0%