skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. PSA: Some of our GICS have come due. [Purpose High Interest Savings ETF]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Some of our GICS have come due. I went on to buy new ones and was shocked at how low the rates are... 0.8 was the highest I could find for a 1 year. I was thinking about buying the PSA ETF instead until rates go up. It's only slightly less at 0.6 and can be sold at any time . What do you think of this strategy? Any risks with PSA that I'm not aware of?

Asked by Carla on October 01, 2021
5i Research Answer:

We would be fine with this strategy and think the trade off of liquidity for a slightly lower rate makes sense. It is essentially the same as leaving money in a savings account from a risk perspective.