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Global X High Interest Savings ETF (CASH)
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Harvest Canadian T-Bill ETF (TBIL)
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Global X USD High Interest Savings ETF (UCSH.U)
Q: I’m trying to understand the risk I’m up against with investments in CASH and UCSH.U. Both have significant holdings in Scotiabank and National Bank investments. My portfolio percentage positions in these two is quite significant.
- Do you have options for better diversification of my cash holdings?
- In the event of “something going off the rails”, what impact does this have on an investor of these two investments like me in the event of a bail-in of either Scotiabank or National Bank because of these holdings within the two ETF's?
- Do you have options for better diversification of my cash holdings?
- In the event of “something going off the rails”, what impact does this have on an investor of these two investments like me in the event of a bail-in of either Scotiabank or National Bank because of these holdings within the two ETF's?
5i Research Answer:
We would consider both ETFs as about as safe as one can get without an explicit guarantee. For...