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.
5i Research Answer:
Keep in mind most brokers will offer money market funds in US dollars (not traded on NYSE) and these often have lower fees than traded products with high liquidity. On NYSE, JPST offers an indicated yield of 5.28% today and we would be very comfortable with it.