iShares Enhanced Cash ETF - ISEC
iShares by Blackrock (the Firm) has launched the iShares Enhanced Cash ETF (the Fund) with the ASX ticker ISEC.
ISEC seeks to achieve its objective by employing a passive investment strategy that aims to outperform the performance of the S&P/ASX Bank Bill Index (before fees and expenses).
According to the Firm, ISEC "seeks to preserve capital and provide monthly income by investing in a diversified portfolio of higher-yielding high quality short-term money market instruments, including floating rate notes."
"The Fund is truly liquid and only holds investments in instruments that can easily be sold to meet investor liquidity requirements."
ISEC is one of the lowest cost cash ETFs on the ASX.