Morningstar Canada'​s Rudy Lukko writes about the first Canadian money market ETF in today'​s Toronto Star. The Claymore Premium Money Market ETF (​CMR) has an expense ratio of 0.​25%, likely one of the lowest among Canada'​s retail-​oriented nascent money fund industry (​see our MFI 3/​08 "​Canadian Money Funds: Preparing for Takeoff?").

Lukko says, "Yet money funds have been popular amid the current shaky equity markets. In January, the Investment Funds Institute of Canada reported record one-​month sales of money market funds.... A disadvantage is that trading commissions are payable to buy or sell units."

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