Mike PhilbrickHorizons 0-3 Month U.S. T-Bill ETFCBIL.TOTOP PICKMay 23, 2023
Invests in 0-3-month Canadian t-bills, so returns are guaranteed. The current 4.23% yield and the yield to maturity is 4.98%. The MER is only 11-15-points, so very low. Yields have to rise in the face of inflation, so that helps increase this yield. It holds cash in your portfolio during current volatility.
Good product for short term interest rates. Inverted yield curve will provide opportunity with this product. Safe assets (no risk). Great for defensive investors.
Invests in 0-3-month Canadian t-bills, so returns are guaranteed. The current 4.23% yield and the yield to maturity is 4.98%. The MER is only 11-15-points, so very low. Yields have to rise in the face of inflation, so that helps increase this yield. It holds cash in your portfolio during current volatility.