BMO Ultra Short-Term Bond (ZST.TO)

Avoid. GICs are guaranteed, but bond ETFs are not. In 2022, when rates starting going up, bond funds traded down. A bond ETF can be part of a portfolio and work well, but they haven't added much in recent years. Better to look at 10-20 years in bond maturities. These are not safe.

Corporate-based money market account. Will generate about 30 bps (ballpark) more than what you'd get in a traditional money market fund. Canadian T-bills from 1 month to 1 year are roughly at a 2.6% yield; add a small fee for running the money market fund, and your yield is about 2.5%.

With ZST, you'll get something like 2.8-2.9%. Very safe, very high quality corporate credits in Canada. Great vehicle for a number of years to get an enhanced yield on your cash savings.

Basically, it's a corporate money market fund. Is a lot safer than JAAA in terms of credit risk and dividend yield. Note: High-interest savings ETFs used to pay more than money-market funds until the government got rid of that. The best of the lot is ZST.

This hold short-term corporate bonds which yield a little more than the government equivalent, safe. You assume a little credit risk, not much

A corporate bond money market fund maturing under a year and is good for parking cash.

An enhanced money market yield for short-term exposure. It's money market, but corporate bonds, so a slightly higher yield. Not a HISA, but similar to one.

An ETF to park money and pays a good dividend. It has a little credit risk, but exposes you to corporate bonds for year, so it acts like a money market fund in a sense. However, it pays you a little more yield by 20-30 basis points.

Nothing wrong with it. Duration risk issue with longer-term bonds, but these are short term. A good quality bond portfolio.

Not a fan of the bond market here and where yields are. But if you do need to rebalance, try this one. He likes it a lot, and it'll do you well for the next few years.

However, he'd suggest looking at the bonds in some of the ETFS and going out and actually buying the bonds. This way you avoid the management fee, and you can customize your outcomes better in terms of a laddered bond portfolio.

A short-term money market ETF is not going to be impacted by currency volatility. They're Canadian plays in Canada. Even though the BOC is a lot more aggressive in terms of cutting rates because the Canadian economy is significantly weaker than that of the US. 

ZMMK and ZST are his two favourite BMO ETFs for money market exposure. He uses both in the bond fund he manages. Which one you chose depends on your risk tolerance. Both are excellent, look at both.

If you're looking for something safe, for 1-2 years and aside from GICs, he'd recommend ZST or ZST.L (this version accumulates the units). Yield would be ~4.9-5%. Very safe, very short-term with 3-4 month, investment-grade corporate bonds. Inexpensive. A way to get a diversified basket of bonds.