High Interest Savings ETF Review (PSA) 2024
Last Updated: 2/19/2024
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.
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
| 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 |
High Interest Savings (PSA) 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 |
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:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |