Wealth Awesome Rating: 84/100
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.
PSA trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The Purpose 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.
Table of Contents
hide
What is the Purpose 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: $260MM
Expense Ratio: 0.12%
Price: $286.08 (Updated: 3/7/2024)
The purpose of this fund: Generate best-in-class yields and access your cash anytime.
Purpose 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 |
Purpose 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 |
Purpose 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.PSA Comparisons
- Purpose High Interest Savings (PSA) 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 0.12% MER).
- iShares Premium Money Market ETF is better performing (0.91% YTD vs 0.86%). PSA is less expensive (0.12% vs 0.14% MER).
- BMO Ultra Short-Term Bond Fund is better performing (0.95% YTD vs 0.86%). PSA is less expensive (0.12% vs 0.17% MER).
- CI High Interest Savings ETF is better performing (0.86% YTD vs 0.86%). PSA is less expensive (0.12% vs 0.16% MER).
- PSA is better performing (0.86% YTD vs 0.77%). PSA is less expensive (0.12% 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 Purpose 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 |
In the current economic climate, how has the Purpose High Interest Savings ETF (PSA) fared in comparison to its benchmark and other comparable savings?
As of this period (March 2023), it’s fine fairly similar to the big one – CASH. It’s YTD is 5.19 vs CASH 5.16. The two of these have the lowest expense ratios as well.
All round I still think CASH is the best, but PSA has a pretty long history so they know what they’re doing