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  5. HSAV: Hello 5i Team Is there a comparable product to HSAV available on the Canadian Market? [Global X Cash Maximizer Corporate Class ETF]
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Q: Hello 5i Team

Is there a comparable product to HSAV available on the Canadian Market?

I am looking for an "accumulating" type ETF to accumulate funds on a monthly basis for annual expenditures (i.e. rrsp contributions, tfsa contributions, income tax installments etc).

I currently hold HSAV for other purposes.

I cannot transfer funds from non-registered accounts into rrsp/tfsa monthly as I make the annual contribution(s) on Jan 01.

Ideally I would use money market mutual funds for this purpose, however RBC Direct Investing charges 1 % fee on MMF purchases (seems rather excessive for MMF).

Thanks
Asked by Stephen on October 07, 2024
5i Research Answer:

To our knowledge Global X (formerly Horizons) is the only manager offering total-return (no distribution) type ETFs. 

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