Overview
Description
The CI Money Market ETF is a type of exchange-traded fund designed to offer investors exposure to short-term, high-quality money market instruments. Its primary function is to provide a convenient and liquid means to gain access to a pool of assets, such as treasury bills, commercial paper, and certificates of deposit, typically characterized by lower risk and moderate returns. This ETF targets investors seeking a safe haven for their cash holdings or those looking to park money temporarily in a low-volatility environment.
Notable features of the CI Money Market ETF include its focus on maintaining capital preservation and providing liquidity, making it an essential component for investors prioritizing risk management and stability in their portfolio. Within the financial markets, money market ETFs like this play a crucial role in offering a scalable and efficient alternative to traditional money market funds, often with lower expense ratios and enhanced transparency. By catering to the demands of both individual and institutional investors, the CI Money Market ETF contributes to efficient market functioning and cash management strategies.
About
Address
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Phone
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Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE