Premium Cash Management Fund (MCAD.TO) has an attractive yield in a cash management solution. Optimize yield while maintaining liquidity on your cash. MCAD preserves your capital and provides monthly income by investing in Canadian dollar-denominated money market instruments.
What is the Best Money Market ETF in Canada?
- CASH.TO: Horizons High Interest Savings ETF
- CBIL.TO: Horizons 0-3 Month T-Bill ETF
- CMNY.TO: CI Money Market Fund
- CMR.TO: iShares Premium Money Market ETF
- CSAV.TO: CI High Interest Savings ETF
- FHIS.TO: Franklin Bissett Ultra Short Bond Active ETF
- HISA.NE: High Interest Savings Account Fund
- HSAV.TO: Horizons Cash Maximizer ETF
- MCAD.TO: Premium Cash Management Fund
- MNY.TO: Purpose Cash Management Fund
- NSAV.NE: Ninepoint High Interest Savings Fund
- PSA.TO: Purpose High Interest Savings Fund
- XFR.TO: iShares Floating Rate Index ETF
- ZMMK.TO: BMO Money Market Fund ETF Series
- ZST.TO: BMO Ultra Short-Term Bond ETF
Here is a table comparing CMNY to similar money market ETFs as of September 30, 2023.
| Manager |  |  |  |  |  |  |
| ETF | CMR | ZST | CSAV | MCAD | CASH | PSA |
| Inception | 2008-02-19 | 2011-01-28 | 2019-06-14 | 2023-05-26 | 2021-11-01 | 2013-11-15 |
| MER | 0.27% | 0.16% | 0.16% | N/A | 0.11% | 0.16% |
| AUM | $577,823,203 | $1,044,030,000 | $8,730,000,000 | $52,386,000 | $3,862,442,496 | $5,209,000,000 |
| 1Y | 4.36% | 4.69% | 4.8% | N/A | 4.88% | 4.85% |
| 3Y | 1.36% | 1.77% | 2.2% | N/A | N/A | 2.27% |
| 5Y | 1.51% | 1.99% | N/A | N/A | N/A | 2.06% |
| 10Y | 1.10% | 1.67% | N/A | N/A | N/A | N/A |
