Key stats
About GLOBAL X HIGH INTEREST SAVINGS ETF UNITS A CAD
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Inception date
Nov 2, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund actively manages a portfolio of high-interest deposit accounts with Canadian chartered banks, which offer a higher interest rate than a traditional savings account. This enables the fund to provide daily liquidity for cash holdings while displaying a competitive interest rate compared to other similar savings vehicles. In seeking to maximize monthly income while preserving capital, the fund may also invest in short-term debt securities, as well as Treasurys and promissory notes issued by the government of Canada and its agencies. Although the fund primarily invests in bank deposit accounts, note that it is not covered by the CDIC or any other government deposit insurer, posing a risk to unitholders. The fund will not engage in securities lending and aims to make distributions on a monthly basis.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.