Premium Cash Management Fund (MCAD)

Premium Cash Management Fund (MCAD $100.20)
- $100.20 P/E (TTM): 2.61X Cap: $45M
- View MCAD Profile
- View Questions on MCAD

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Purpose High Interest Savings Fund (PSA $50.10)
- $50.10 Cap: $3.15B
- View PSA Profile
- View Questions on PSA
Global X High Interest Savings ETF (CASH $50.07)
- $50.07 Cap: $6.81B
- View CASH Profile
- View Questions on CASH
Premium Cash Management Fund (MCAD $100.20)
- $100.20 P/E (TTM): 2.61X Cap: $45M
- View MCAD Profile
- View Questions on MCAD
TD Cash Management ETF (TCSH $50.11)
- $50.11 Cap: $374M
- View TCSH Profile
- View Questions on TCSH

Q: I am retired and looking to park some cash. TCSH and MCAD appears to be another type of ETF being offered around fixed income. These ETFs along with ETFs like PSA and CASH seem to be a good place to park some cash for a while. What would your opinion be on the safety of either type of ETF and any advantages or disadvantages of either class of ETF?

Ken

Read Answer Asked by Ken on March 07, 2024

Purpose High Interest Savings Fund (PSA $50.10)
- $50.10 Cap: $3.15B
- View PSA Profile
- View Questions on PSA
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL $91.67)
- $91.67 Cap: $41.77B
- View BIL Profile
- View Questions on BIL
Global X Cash Maximizer Corporate Class ETF (HSAV $115.89)
- $115.89 Cap: $1.89B
- View HSAV Profile
- View Questions on HSAV
Global X High Interest Savings ETF (CASH $50.07)
- $50.07 Cap: $6.81B
- View CASH Profile
- View Questions on CASH
Premium Cash Management Fund (MCAD $100.20)
- $100.20 P/E (TTM): 2.61X Cap: $45M
- View MCAD Profile
- View Questions on MCAD

Q: I'm looking to park some cash and let it earn some interest. My bank doesn't offer any meaningful savings interest rate and I'm not interested in a GIC. Can you please recommend a couple of money market funds or ETFs I could buy through my non-registered iTrade account.

Read Answer Asked by David on August 25, 2023

Purpose High Interest Savings Fund (PSA $50.10)
- $50.10 Cap: $3.15B
- View PSA Profile
- View Questions on PSA
CI High Interest Savings ETF (CSAV $50.11)
- $50.11 P/E (TTM): 11.34X Cap: $5.82B
- View CSAV Profile
- View Questions on CSAV
Global X Cash Maximizer Corporate Class ETF (HSAV $115.89)
- $115.89 Cap: $1.89B
- View HSAV Profile
- View Questions on HSAV
Global X High Interest Savings ETF (CASH $50.07)
- $50.07 Cap: $6.81B
- View CASH Profile
- View Questions on CASH
Premium Cash Management Fund (MCAD $100.20)
- $100.20 P/E (TTM): 2.61X Cap: $45M
- View MCAD Profile
- View Questions on MCAD

Q: For the High interest savings etf's listed, which has the best net yield (or if another has a better yield that is not listed please let me know)?
With the HSAV product not paying a distribution, how do you find its yield? (In an answer to a previous question recently, it had the highest gross yield at that time of 5.25%)

And lastly, for funds held within a corporation, what would be the best tax advantaged way to go (pay tax on the dividend or the capital gain on HSAV)?

Thanks very much,

Read Answer Asked by Dustin on July 26, 2023