Recommendation for Money market fund/etf

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May 5th, 2019 1:48 am

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May 4th, 2019 5:38 pm

bend3r [OP]: Sr. Member; May 7, 2017; 941 posts; 473 upvotes

May 4th, 2019 5:38 pm

Recommendation for Money market fund/etf

I am looking for a money market fund/etf in CAD. Is there any good one around where I can leave cash for a little while?

My broker is interactive brokers and would like something that could work on it.

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May 4th, 2019 8:29 pm

freilona: Deal Addict; Aug 4, 2014; 3347 posts; 3511 upvotes; Toronto, ON

May 4th, 2019 8:29 pm

I’d say PSA: https://www.purposeinvest.com/funds/pur ... vings-etf/ (current yield 2.15%) But see @johnnychi ‘s post in this thread for comparison with CMR and RoC distributions:

best-canadian-money-market-etf-short-te ... t-2262960/

+1

May 5th, 2019 1:48 am

bend3r [OP]: Sr. Member; May 7, 2017; 941 posts; 473 upvotes

May 5th, 2019 1:48 am

freilona wrote: ↑ I’d say PSA: https://www.purposeinvest.com/funds/pur ... vings-etf/ (current yield 2.15%) But see @johnnychi ‘s post in this thread for comparison with CMR and RoC distributions:

best-canadian-money-market-etf-short-te ... t-2262960/

PSA looks perfect. Thanks.

Looks like PSA is based on 1 month government bond or something similar. Kind of sad I can’t buy Canadian government bonds outright.

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