What is it exactly? Looking in etfs and came across this one and people says it acts like a high yield savings account. But I’m more confused on it and what it is exactly so if someone could give me a more depth awnser that would be great!
In: Economics
A SGOV ETF stands for a short-term US government bond ETF. It invests in short-term US government bonds and acts like a high yield savings account because it provides a low-risk, low-return investment option. Essentially, it’s a way to earn interest on your money without risking much of it. Hope that helps!
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