I would like a place to park Cash which fund do you prefer hsav or cash and how do these differ. Thank you
CASH aims to provide investors with monthly income while maintaining price stability. CASH has an AUM of $2.4B, an MER of 0.11%, a yield of 4.94%, and distributions are monthly. HSAV has an AUM of $2.1B, an MER of 0.15%, a yield of 5.0%, and its distributions are reinvested back into the NAV of the fund. In this way, HSAV does not make distributions to investors, but rather it offers capital appreciation through its unit price. This can be advantageous for investors as it does not make taxable distributions.
For investors seeking monthly income, we would prefer CASH, while for investors that prioritize capital appreciation, we prefer HSAV.