Q: Hello, can you recommend a USD money market fund that can be purchased on the NYSE? I hold ZMMK in my CA portfolio and looking for a US$ equal. Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I am currently holding over $80K in ZMMK as a holding place. Approx. 4.92% dividend while I wait to see where this market is going (so many mixed signals and differing opinions !). RBC just announced they are supporting the purchase of things like CASH, PSA, etc. How does ZMMK compare compare to the Horizons High Interest Savings ETF (CASH) ? Is ZMMK as "safe" ?
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Global X Cash Maximizer Corporate Class ETF (HSAV $116.45)
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Global X USD Cash Maximizer Corporate Class ETF (HSUV.U $116.16)
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BMO Money Market Fund (ZMMK $49.90)
Q: If the unthinkable happens and the US doesn't raise the debt ceiling leading to the US government defaulting, how would this affect holdings in each of HSAV, HSUV.U and ZMMK? Secondly if an investor held both such an opinion and such holdings, would it then be prudent to sell the holdings before the limit is reached? Please define the risks to these holdings if any actually exist.
Q: For periods under 90 days, which do you recommend for cash, BMT104 or BMOs ZMMK?
Q: Could you provide your view on ZMMK as a safe vehicle for a liquid cash investment and indicate any concerns you see. Thanks for the help.