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iShares Government Money Market ETF
GMMF (iShares Government Money Market ETF) is an index Money Market ETF by iShares. With a 0.20% MER, it provides diversified exposure. Monthly distribution with a 3.74% yield.
GMMF by iShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.20% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 3.74% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.