(CMNY) CI Money Market - Ratings and Ratios

The CI Money Market ETF (CMNY) is designed to track the Morningstar CAD O/N Cash GR CAD Index, providing investors with a low-risk investment option that generates returns in line with the Canadian overnight cash rate. As a Canadian Money Market ETF, CMNY invests in high-quality, short-term debt securities, aiming to preserve capital while providing liquidity.

Given its investment objective, CMNY is likely to hold a portfolio of high-grade commercial paper, treasury bills, and other short-term instruments with maturities typically less than 90 days. The funds asset allocation is expected to be highly liquid, allowing investors to easily buy or sell shares without significantly affecting the market price.

Analyzing the , we observe that the ETFs price is currently at $50.05, slightly above its short-term moving averages (SMA20: $49.99, SMA50: $49.90), indicating a stable trend. The Average True Range (ATR) of 0.02 represents a minimal price movement of 0.05%, suggesting low volatility. Considering the 52-week high and low range ($50.05 - $48.13), the ETF has demonstrated stability, with the current price near the upper end of the range.

Although the indicates that the Assets Under Management (AUM) are reported as 0.00M CAD, this is likely due to rounding or a reporting anomaly, as the ETF is actively trading. Typically, a money market ETF like CMNY would have a substantial AUM, reflecting its appeal as a low-risk investment vehicle.

Forecasting the future performance of CMNY based on the available data, we can infer that the ETF will continue to track the Morningstar CAD O/N Cash GR CAD Index closely. Given the current interest rate environment and the indexs focus on overnight cash rates, we can expect CMNYs returns to be influenced by the Bank of Canadas monetary policy decisions. If the technical trend continues, with the price remaining stable and above the short-term moving averages, CMNY is likely to maintain its current price level, providing investors with a stable, low-risk investment option. In the short term, we forecast CMNYs price to remain around $50.05, with minimal deviations, reflecting the stable nature of the underlying index and the ETFs investment portfolio.