iShares BILL ETF (ASX:BILL)
The iShares BILL ETF provides investors with exposure to short-term Australian dollar-denominated bank bills with term to maturities of up to three months.
What does the BILL invest in?
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 BILL for?
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).
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