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  5. UCSH.U: Hi there, I recently asked “ Can you suggest any principal-protected US ETFs? [Global X USD High Interest Savings ETF]
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Q: Hi there, I recently asked “ Can you suggest any principal-protected US ETFs? For parking USD cash to earn a yield in a securities account. (The only product I can think of that has this profile is a HISA ETF.)”

Seems like there is no HISA equivalent in the US from your response. What is the next best thing that is US listed? A money market fund? If so which would you suggest?

Thanks!
Asked by Chris on July 08, 2024
5i Research Answer:

There are a few Canadian-based HISA ETFs which trade in US dollars, such as HISU.U, PSU.U, UCSH.U, however, these do not hold savings accounts with US banks. 

Alternatively, there is the SPDR 1-3 month T-Bill ETF (BIL) which holds short-term US bonds, has good liquidity, and a yield of 5.1%. It will have more price volatility than a HISA, but its unit price change is very minor compared to longer-term bonds. 

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