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CI High Interest Savings ETF ETF Review (CSAV) 2024

 
Last Updated: 3/7/2024

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

CategoryValue
Mega
Big
Medium
Small
Micro

CI High Interest Savings ETF (CSAV) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00
Consumer Cyclicals00
Financial Services00
Real Estate00
Communication Services00
Energy00
Industrials00
Technology00
Consumer Defensive00
Healthcare00
Utilities00

CI High Interest Savings ETF (CSAV) Geographic Breakdown

RegionEquity %Relative to Category
North America00
United Kingdom00
Europe Developed00
Europe Emerging00
Africa/Middle East00
Japan00
Australasia00
Asia Developed00
Asia Emerging00
Latin America00

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).
    CI High Interest Savings ETF (CSAV) vs Horizons High Interest Savings ETF (CASH)
    • Horizons High Interest Savings ETF is better performing (0.86% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.16% MER).
    CI High Interest Savings ETF (CSAV) vs iShares Premium Money Market ETF (CMR)
    • iShares Premium Money Market ETF is better performing (0.91% YTD vs 0.86%). CMR is less expensive (0.14% vs 0.16% MER).
    CI High Interest Savings ETF (CSAV) vs BMO Ultra Short-Term Bond Fund (ZST)
    • 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).
    CI High Interest Savings ETF (CSAV) vs Franklin Bissett Ultra Short Term Bond Fund (FHIS)
    • 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

ETFInceptionMERAUM1Y3Y5Y10Y
PSA2013-10-150.12%%$260.05.19%2.93%2.32%1.79%
CASH2021-11-010.11%%$4,750.05.16%0.00%0.00%0.00%
CMR2018-02-180.14%%$793.04.92%2.44%1.81%1.28%
ZST2011-01-270.17%%$1,200.05.37%2.56%2.26%1.90%
CSAV2019-06-190.16%%$8,100.05.07%2.87%0.00%0.00%
FHIS2011-09-110.18%%$129.05.51%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: 
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