Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Dan Squires
Head of Sales - UK
Summary: Are you holding cash in your Saxo account, waiting for the right investment? While that's a sensible approach, have you thought about whether your cash is working hard enough?
A lot of Saxo clients hold cash in their account. And that's a sensible idea if you are waiting for the right investment idea to come along. But at the same time, have you considered whether that cash is working hard enough for you? Whilst we pay you interest on uninvested cash, there are some interesting "quasi-cash" products worth looking at.
In this short video we highlight two money market ETFs which are designed to deliver returns very close to Bank of England base rates. Money market funds are one of the tools the super rich use! But you can now access the same underlying investments in ETF form...
Buy or sell these ETFs in seconds, both have very low ongoing charges. The point is - for a very small increase in risk, you could be earning 3x the return you are currently getting [on £50k cash, Saxo is paying 1.4% annual vs 4.3% YTD return in these ETFs]
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