This summary was created by AI, based on 2 opinions in the last 12 months.
The Evolve High Interest Savings Account ETF (HISA-NE) offers an alternative for cash holding, positioning itself as slightly better than cash but not without limitations. Reviews indicate that while it serves as a stable option for capital preservation, it does not provide the same benefits as traditional high-interest savings accounts, particularly due to the absence of CDIC insurance and the potential trading fees involved. The price stability generally persists until monthly distributions occur, which reflect fluctuations in Canadian overnight bank rates. With interest rates on the decline, the allure of HISA-NE has waned as other investment vehicles, like money market funds and T-bill ETFs, become more attractive. This suggests that while HISA-NE was once a superior choice compared to bonds, its relative value now raises questions as alternatives begin to compete more effectively for investors' cash holdings.
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.
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 $.