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iShares Premium Money Market ETF (CMR)
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Purpose Cash Management Fund (MNY)
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Global X 0-3 Month T-Bill ETF (CBIL)
Q: Hello, I am looking at these 3 ETFs to park my cash, now that short term interest rates have come down and ETFs like PSA or HSAV have much less attractive rates than 6 months ago. Can you highlight the main differences between MNY, CBIL and CMR and sort these by increasing risk level? FYI, CMR will add asset-backed paper to its portfolio sometime next year. Thanks!
5i Research Answer:
MNY invests 100% in money market securities. Indicated yield 4.69%. Effective duration is 0.22...