ETFs built on high-interest savings accounts make sense to investors who need a place to park cash until they’re ready to invest again
Clients who need liquidity also need a safe place for their dollars
The new account comes ahead of expanded CDIC deposit insurance coverage
A recent survey found that nearly half of Canadians have delayed saving for their retirement
The move comes shortly after Wealthsimple launched a new product
The poll also finds that more than one-third of Canadians aren't saving for either type of goal
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Thanks to lower fees, the three available ETFs have outperformed most money market funds
The new mutual fund invests in the CI First Asset ETF launched in June
The fund invests in high-interest savings accounts at Schedule 1 Canadian banks