Q: Hi there, there seems like there are many HISA-like ETFs available to pick from these days. Which would you recommend and do some have less risk than others? Thanks!
5i Research Answer:
They are essentially the same, so we would focus on a) what one's broker can access, as not all brokers carry all funds and b) short term indicated yield, which will of course vary. HSAV may be of interest to some as it rolls over interest and does not pay it our, shifting the tax burden to capital gains. PSA, CASH and HISA we think are more or less interchangeable, with CASH at a (slightly) higher yield currently, but not by a material amount.