High Interest Savings ETF Review (PSA) 2024

Last Updated: 2/19/2024

Wealth Awesome Rating: 98/100
This equity ETF has an MER of 0.12%. With lower than average fees, it’s a cost-effective option. Managing 260 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
 
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The High Interest Savings (PSA) 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 High Interest Savings ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.12%. This ETF trades on the TSX exchange.

PSA stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $260.0MM

Expense Ratio: 0.12%

Price: $281.52 (Updated: 2/19/2024)



High Interest Savings (PSA) Sector Breakdown

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

High Interest Savings (PSA) 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

PSA Management Expense Ratio

PSA has a management expense ratio of  0.12% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  High Interest Savings TSX ETF

You can buy  PSA 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:  
ImageProduct TitleFeaturesPrice
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Wealthsimple Trade

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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