Investing

Recommendation for Money market fund/etf

  • Last Updated:
  • May 5th, 2019 1:48 am
[OP]
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May 7, 2017
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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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[OP]
Sr. Member
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May 7, 2017
941 posts
473 upvotes
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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