![](https://moneyguynow.com/wp-content/uploads/2023/11/MNY-ETF-1-791x1024.webp)
The Purpose Cash Management Fund (MNY.TO) seeks to earn a high rate of income, while at the same time preserving capital and maintaining liquidity, by investing primarily in high-quality debt securities, generally maturing in not more than one year.
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What is the Best Money Market ETF in Canada?
- CBIL.TO: Horizons 0-3 Month T-Bill ETF
- CMNY.TO: CI Money Market Fund
- CMR.TO: iShares Premium Money Market ETF
- FHIS.TO: Franklin Bissett Ultra Short Bond Active ETF
- MCAD.TO: Premium Cash Management Fund
- MNY.TO: Purpose Cash Management 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 MNY to similar money market ETFs as of September 30, 2023.
Manager | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
ETF | CMR | ZST | CSAV | CASH | MNY | PSA |
Inception | 2008-02-19 | 2011-01-28 | 2019-06-14 | 2021-11-01 | 2020-03-06 | 2013-11-15 |
MER | 0.27% | 0.16% | 0.16% | 0.11% | 0.22% | 0.16% |
AUM | $577,823,203 | $1,044,030,000 | $8,730,000,000 | $3,862,442,496 | $533,000,000 | $5,209,000,000 |
1Y | 4.36% | 4.69% | 4.8% | 4.88% | 4.76% | 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 |
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---|---|---|---|---|---|
Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
$500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |