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About GLOBAL X USD HIGH INTEREST SAVINGS CLASS A UNITS
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Inception date
Jan 8, 2024
The actively managed fund aims to maximize monthly income while preserving capital and liquidity. It invests in high-interest US dollar deposit accounts with Canadian banks, which are perceived to provide a higher interest rate than a traditional USD savings account. The ETF targets to invest substantially all of its assets in high-interest USD deposit accounts with at least one Canadian chartered banks. The ETF may also invest in high-quality, short-term debt securities, which includes USD-denominated Treasury bills and promissory notes issued or guaranteed by the US or Canadian government or their agencies, as well as USD-denominated bankers acceptances.