Global X High Interest Savings ETF (CASH.TO) TSX

50.02

+0.01(+0.02%)

Updated at June 02 10:04AM

Currency In CAD

Global X High Interest Savings ETF

Address

161 Bay Street, Suite 2700

Toronto, ON M5J 2S1

Canada

Phone

416 933 5745

Sector

Financial Services

Industry

Asset Management - Global

Employees

N/A

First IPO Date

November 03, 2021

Key Executives

N/A

Description

CASH invests almost all of its assets in high-interest deposit accounts with one or more Canadian chartered banks, which could provide a higher interest rate than a traditional savings account. CASH can be purchased or sold anytime throughout the trading day, a key advantage versus other high-interest savings vehicles, which typically have minimum holding periods or investment amounts. Designed to provide a consistent monthly income. CASH seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing primarily in high-interest deposit accounts with Canadian banks.