Q: I have money invested in the CASH and PSAV ETFs in registered accounts through my bank HSBC Canada. As I understand it, HSBC Canada is about to be bought by RBC. I also understand that RBC, for some reason, does not allow trading in the CASH and PSAV ETFs. If this is correct, am I at any risk or concern on this? Should I sell my CASH and PSAV ETFs before RBC takes over or just carry on as normal?
5i Research Answer:
RY's discount brokerage division doesn't sell some products, preferring its own alternatives, of course. It is our understanding that HSBC will still run independently. There is no risk here in the merger. If RY does not allow them they will provide notice and plenty of time to sell.