CI High Interest Savings ETF ETF Review (CSAV) 2024
Wealth Awesome Rating: 90/100
This fixed income ETF has an MER of 0.16%. With lower than average fees, it’s a cost-effective option. Managing 8,100 million in assets, it’s widely trusted by investors. Suitable for those preferring stability with a low to medium risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
CSAV trades on the TSX exchange.
Looking to invest in fixed income? Consider an fixed income ETF as an easy way to get access. The CI High Interest Savings ETF (CSAV) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
What is the CI High Interest Savings ETF ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.16%. This ETF trades on the TSX exchange.CSAV stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $8100MM
Expense Ratio: 0.16%
Price: $50.10 (Updated: 3/7/2024)
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CI High Interest Savings ETF (CSAV) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | – |
| Big | – |
| Medium | – |
| Small | – |
| Micro | – |
CI High Interest Savings ETF (CSAV) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 0 | 0 |
| Real Estate | 0 | 0 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0 |
| Technology | 0 | 0 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
CI High Interest Savings ETF (CSAV) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 0 | 0 |
| United Kingdom | 0 | 0 |
| Europe Developed | 0 | 0 |
| Europe Emerging | 0 | 0 |
| Africa/Middle East | 0 | 0 |
| Japan | 0 | 0 |
| Australasia | 0 | 0 |
| Asia Developed | 0 | 0 |
| Asia Emerging | 0 | 0 |
| Latin America | 0 | 0 |
CSAV Management Expense Ratio
CSAV has a management expense ratio of 0.16% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.CSAV Comparisons
- CI High Interest Savings ETF (CSAV) vs Purpose High Interest Savings (PSA)
- Purpose High Interest Savings is better performing (0.86% YTD vs 0.86%). PSA is less expensive (0.12% vs 0.16% MER).
- Horizons High Interest Savings ETF is better performing (0.86% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.16% MER).
- iShares Premium Money Market ETF is better performing (0.91% YTD vs 0.86%). CMR is less expensive (0.14% vs 0.16% MER).
- BMO Ultra Short-Term Bond Fund is better performing (0.95% YTD vs 0.86%). CSAV is less expensive (0.16% vs 0.17% MER).
- CSAV is better performing (0.86% YTD vs 0.77%). CSAV is less expensive (0.16% vs 0.18% MER).
High Interest Savings ETF Comparisons
| ETF | Inception | MER | AUM | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| PSA | 2013-10-15 | 0.12%% | $260.0 | 5.19% | 2.93% | 2.32% | 1.79% |
| CASH | 2021-11-01 | 0.11%% | $4,750.0 | 5.16% | 0.00% | 0.00% | 0.00% |
| CMR | 2018-02-18 | 0.14%% | $793.0 | 4.92% | 2.44% | 1.81% | 1.28% |
| ZST | 2011-01-27 | 0.17%% | $1,200.0 | 5.37% | 2.56% | 2.26% | 1.90% |
| CSAV | 2019-06-19 | 0.16%% | $8,100.0 | 5.07% | 2.87% | 0.00% | 0.00% |
| FHIS | 2011-09-11 | 0.18%% | $129.0 | 5.51% | 0.00% | 0.00% | 0.00% |
How to Buy CI High Interest Savings ETF TSX ETF
You can buy CSAV on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice |
| Get $25 Signup Bonus | |
Reliable Pick |
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