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By investing in short-term Government of Canada T-Bills, backed by the "full faith and credit" of the Canadian Government, CBIL provides an interest-bearing alternative to Canadian dollar cash holdings, with potentially lower credit and rate risk compared to other fixed-income options. An attractive cash alternative with monthly distributions that are expected to be in excess of other short-term instruments, like bank deposits and cashable GICs. Unlike other savings vehicles, like Guaranteed Investment Certificates (“GICs”) or High-Interest Savings Accounts, which typically have minimum holding periods or investment amounts, CBIL can be purchased or sold anytime throughout the trading day. CBIL seeks to provide interest income through exposure to Government of Canada Treasury Bills with remaining maturities generally less than 3 months.
Global X 0-3 Month T-Bill ETF · Issued by Global X