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Purpose High Interest Savings Fund (PSA)
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Horizons High Interest Savings ETF (CASH)
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High Interest Savings Account ETF (HISA)
Q: I intend to invest a significant amount of cash ETFs in my TFSA ,could you suggest a list of safe ETFs with interest,or even short term bond ETFs if pertinent with this objective,aiming at preservation of capital and 4% + to 5% revenue, would it be better to hold just one ETF or a mixture is better in this context,many thanks for your excellent work
5i Research Answer:
We would suggest: CASH, PSA and/or HISA. They are all very similar, none are guaranteed by CDIC, and we would be fine with just one. Note not all brokers will offer all three.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.