Q: Thoughts on this etf with regards to American interest rates which determine yield payments. Thanx.
5i Research Answer:
TBIL looks like a decent low-risk income option that invests in Canadian Government T-Bills. We are of course cautious on the small size and the newness of this ETF at $30M in net assets and inception in January of this year. The ETF has a low expense ratio at 0.10% and the strategy of investing in Canadian T-bills is low risk which makes us less concerned about size. We think it could be a decent cash proxy ETF.