Will be buying back some of the holdings and was thinking an ETF instead of individual holdings. Taking this opportunity to try to reduce holdings and re-organize portfolios.
Also, some of the funds will be needed in the next year. Was thinking fixed income ZST (Canadian dollars) and ZUS.U (US dollars)?
Your thoughts please.
For safe parking of cash, we would have no concerns with ZSR and ZUS.U. ZUS.U is fairly small at $46M, but if one is not trading and the amounts are not huge liquidity should not be a concern. Market makets can create new units with new buying as well. Indicated yield is 5.25%. ZST is 4.91%. We would expect these yield to slowly decline over 12 months but we would consider the ETFs as safe. Both invest nearly entirely in corporate issues, so there is a bit of credit and interest rate curve risk, but the short term maturities help alleviate this.