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Purpose High Interest Savings Fund (PSA)
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Horizons Cash Maximizer ETF (HSAV)
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Horizons High Interest Savings ETF (CASH)
Q: HI,
What is a good time to sell these units/ETFs? To lock in the distribution of that month's interest? I am looking at taking some cash off these and be ready to deploy the capital. Not in a rush. But want to be prepared.
What is a good time to sell these units/ETFs? To lock in the distribution of that month's interest? I am looking at taking some cash off these and be ready to deploy the capital. Not in a rush. But want to be prepared.
5i Research Answer:
HSAV does not pay distributions, so we think sellers need to watch the premium over NAV, and sell when it is higher than average. On the others, they trade in a tight range, but it does make some sense to sell on or after the ex-dividend dates: Jan 30 for PSA, and CASH has not announced the January date yet.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.