Smart Cash - CSH2


(Alex) #1

As a cash proxy

Delivered +0.71% versus -.08% for ERNS


(Vladislav Kozub) #2

As I understand from HL’s analysis, ERNS is a very low-risk security consisting of cash and bonds (which represent 99.6%).

CSH2 is an unfunded swap ETF, which is significantly riskier than cash & bonds. More information on unfunded swaps here.

Therefore, it would be nice to have both CSH2 and ERNS as opposed to replacing one with another :slight_smile: