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Purpose US Cash Fund (PSU.U)
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Global X USD Cash Maximizer Corporate Class ETF (HSUV.U)
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Global X 0-3 Month T-Bill ETF (CBIL)
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BMO USD Cash Management ETF (ZUCM.U)
Q: Currently my entire allocation of money market funds is in PSA which currently pays just over 4%. However , rates are dropping in Canada. I am considering moving all my money market allocation to ZUCM which appears to be an American dollar money market paying over 5 % . I believe rates are less likely to decline in the US.
Do you like this strategy ?
Do you prefer a different American dollar money market account ?
Do you like this strategy ?
Do you prefer a different American dollar money market account ?
5i Research Answer:
ZUCM is a fine ETF. If the actual income isn't needed, HSUV could be worth considering. PSU.U could be another option or CBIL. One thing to keep in mind is that the shift also adds FX risk which could easily dominate the yields being received.