Q: Between the high interest savings account ETF’s CSAV, PSA and HISA, would you have any preference for one over the others for an RESP where the kids are in and soon to be entering university? Thanks and Merry Christmas!
5i Research Answer:
Theses funds are essentially the same, invest the exact same way and we are mostly indifferent. The only real difference is HSAV, which does not pay distributions, so can have some tax benefits to some investors. Some brokers though will not offer all for sale, trying to entice investors into their own products.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.