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Global X Cash Maximizer Corporate Class ETF (HSAV)
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Global X High Interest Savings ETF (CASH)
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High Interest Savings Account ETF (HISA)
Q: I have a large sum of cash from a recent sale. I will need the funds in the next few months but would like to "put it to work" in the meantime. If it was your money, which of the myraid of options would you choose that offers safety, liquidity and max returns.
Many thanks
Scott
Many thanks
Scott
5i Research Answer:
For short-term needs, we like the use of flexible GICs where withdrawals can be made at any time, or high-interest savings ETFs such as PSA, HSAV (no distributions are issued, interest is reinvested back into the NAV), CASH, or HISA.