Posted 1/1/2024, 6:30:00 PM
Top-Performing Money Market ETFs for 2024: PULS, CSHI, and GSY Offer High Yields on Low-Risk Assets
- Top money market ETFs for early 2024 are PULS, CSHI, and GSY due to highest returns over the past year
- Money market ETFs invest in short-term, low-risk debt like Treasuries and investment-grade bonds to preserve capital
- These ETFs saw inflows in 2023 due to Fed rate hikes raising yields on fixed income
- PULS follows an index of investment-grade securities with <1 year duration, yielding 5.07%
- GSY seeks to outperform an index of 1-3 month Treasuries, holding cash and short-term corporate bonds