BetaShares Australian High Interest Cash ETF (AAA) $50.15

The AAA Cash ETF is an ASX-listed ETF that invests in bank deposits and short-term money-market securities, designed to provide investors with cash-like returns with very low volatility. It is commonly used by investors as a place to park cash inside a brokerage/platform account, allowing them to earn interest while keeping funds liquid and ready to deploy into equities or other assets.

The ETF currently yields around ~3.9%, with monthly distributions, and its income moves broadly in line with short-term interest rates set by the RBA. Investors typically use AAA as a cash management tool within portfolios, offering a yield broadly comparable to high-interest savings accounts but with the flexibility of buying and selling on the ASX like a share. We believe this is a great vehicle for investors to hold funds waiting for an opportune time to deploy funds across portfolios, we use it as part of the suite of portfolios for investment offered by MM Invest Direct- see Cash Securities

• We like and use the AAA to “park cash” when not invested in the market – MM owns the AAA ETF in its Core ETF Portfolio.