https://horizonsetfs.com/ETF/cbil/
No provincial exposure, no Ontario Pension Plan crap, no commercial paper...just pure, unadulterated federal government treasury bills.
15 to 20 years late, but good to finally have this as an option.
Canada (finally) gets a T-Bill ETF
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blue_ruin17
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Canada (finally) gets a T-Bill ETF
STAT PERPETUS PORTFOLIO DUM VOLVITUR ORBIS
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Re: Canada (finally) gets a T-Bill ETF
I jumped on CBIL literally the day it was launched and available.
So long ZFS!! We hardly knew ye!
So long ZFS!! We hardly knew ye!
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
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blue_ruin17
- Executive Member
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- Joined: Sat Aug 13, 2016 11:16 pm
- Location: New Brunswick, Canada
Re: Canada (finally) gets a T-Bill ETF
I had settled for CMR. In the trash it goes!
STAT PERPETUS PORTFOLIO DUM VOLVITUR ORBIS
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Re: Canada (finally) gets a T-Bill ETF
CMR if you were willing to take on the credit risk. ZFS if you wanted to take on the duration risk. You couldn’t win either way!
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
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vnatale
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Re: Canada (finally) gets a T-Bill ETF
Smith1776!
In this latest podcast I'm listening to I was shocked when the guest stated that he is a Canadian!
He has no accent! He sounded like an American to me. Is that typical for most Canadians? Certainly not the case for all Americans as I find that our country has a lot of weird accents in various parts of the country.
In this latest podcast I'm listening to I was shocked when the guest stated that he is a Canadian!
He has no accent! He sounded like an American to me. Is that typical for most Canadians? Certainly not the case for all Americans as I find that our country has a lot of weird accents in various parts of the country.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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dualstow
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Re: Canada (finally) gets a T-Bill ETF
Listen for the word “out” or “about.”
Re: Canada (finally) gets a T-Bill ETF
Interested in CBIL, but I'm concerned that they don't have any financial statements released yet and their prospectus shows they have specifically appointed a securities lending agent (CIBC).
Compared to CMR, which shows no income from securities lending as of its most recent financial statements, if we assume that CBIL engages in securities lending would this change the view of those who took the plunge in investing in CBIL over its safety as a Canadian TBIL etf?
Compared to CMR, which shows no income from securities lending as of its most recent financial statements, if we assume that CBIL engages in securities lending would this change the view of those who took the plunge in investing in CBIL over its safety as a Canadian TBIL etf?
Re: Canada (finally) gets a T-Bill ETF
Not something that I've personally worried about. Given that securities lending has to be fully cash collateralized I'm not particularly concerned.425 wrote: ↑Thu Feb 01, 2024 4:56 pm Interested in CBIL, but I'm concerned that they don't have any financial statements released yet and their prospectus shows they have specifically appointed a securities lending agent (CIBC).
Compared to CMR, which shows no income from securities lending as of its most recent financial statements, if we assume that CBIL engages in securities lending would this change the view of those who took the plunge in investing in CBIL over its safety as a Canadian TBIL etf?
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: Canada (finally) gets a T-Bill ETF
That's a good point, thanks Smith.
I suppose even with 1/3 of the assets held under money market collateral that the risk of both the borrower defaulting and the value of the collateral crashing (which historically breaking the buck at 3% was already bad enough) at the same time is low enough not to be a concern. It's still a smaller risk than just investing in a money market fund.
Still important I think to point out such risk over directly holding treasuries which in Canada, there isn't an easy option to do so CBIL is probably good enough.
I suppose even with 1/3 of the assets held under money market collateral that the risk of both the borrower defaulting and the value of the collateral crashing (which historically breaking the buck at 3% was already bad enough) at the same time is low enough not to be a concern. It's still a smaller risk than just investing in a money market fund.
Still important I think to point out such risk over directly holding treasuries which in Canada, there isn't an easy option to do so CBIL is probably good enough.