iShares Core Cash ETF - BILL
iShares by Blackrock (the Firm) has launched the iShares Core Cash ETF (the Fund) with the ASX ticker BILL.
BILL employs a passive investment strategy that aims to provide investors with the performance of the S&P/ASX Bank Bill Index (before fees and expenses).
According to the Firm, BILL "offers the ability to achieve capital preservation and regular income with a diversified portfolio of high quality short-term money market instruments."
"The Fund is truly liquid and only holds investments in instruments that can be sold on a same day basis."
BILL is the lowest cost cash ETFs on the ASX.