Q: I have some extra US$ in my business account and I am looking for a safea short term investment.stable place to park them can you suggest something similar to BMO short term bond fund?
5i Research Answer:
HISU.U is a high interest savings ETF. Indicated yield is 5.64%. While it does not offer the 'upside' potential of a bond fund in a period of declining rates, it is also likely safer overall as higher rates will mean more income and not price volatilty.