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What is Bil ETF?

SPDR Bloomberg 1-3 Month T-Bill ETF is a company in the U.S. stock market and it is a holding in 19 U.S.-traded ETFs. BIL has around 2.4M shares in the U.S. ETF market. The largest ETF holder of BIL is the Mohr Growth ETF (MOHR), with approximately 626.76K shares.

What is a bank bill ETF?

Investors could use the BILL ETF in an attempt to achieve capital preservation and/or create a regular income stream from the monthly distributions offered by this ETF. A bank bill is also known as a bill of exchange and is similar to a cheque, with the exception that a bank bill has a specific date when payable (i.e., the maturity date).

Who invests in Bill ETF?

BILL invests in a portfolio of high-quality, short-term, Australian dollar-denominated bank bills that comprise the S&P/ASX Bank Bill Index. Some of the top issuers include National Australia Bank Ltd (ASX: NAB), MUFG and BNP Paribas. What do investors use the BILL ETF for?

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