Purpose Investments has introduced a high-interest savings ETF.
Purpose Investments has introduced a high-interest savings ETF, which began trading today on the TSX.
The fund invests the majority of its assets in high interest rate deposit accounts with one or more chartered banks and Canadian credit unions. It provides investors with greater yield than traditional money market funds.
The ETF will trade on a T+1 (trade date plus one business day) settlement basis.
Read:
The proportion of women CEOs in the CSA's sample remains 5%, as in the past three annual reports
BMO tops equity league tables, RBC leads debt rankings
Industry watchdogs can't "sit in an ivory tower" as they push for industry change, said Stan Magidson
Clients satisfied with advisors, despite fewer fee and suitability discussions
Help clients get the maximum benefit from these accounts
Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights