In this episode of “What’s the Risk?” we take a look at the historic performance of the Bloomberg Ausbond Bank Bill Index, which is often used as a proxy for cash returns in Australia.
ETFs that track similar short term bank bill indices are Betashares’ CASH and Blackrock’s BILL, while the State Street Australian Cash Trust is a managed fund that tracks the index before expenses, but your average savings account could also offer similar returns.
Cash is something we all use in day to day life for our spending, but some people also use it as an investment over the long term, but despite the safety of cash over the short term, holding it over the long term comes with significant risk.
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