Imback - agree it is interesting. At today's close we are at 1%,...

Imback - agree it is interesting.

At today's close we are at 1%, for tying up funds for thick end of 4 months. You would think that is pretty close to the bond rate. If fact at HSBC right now you can get 3% on at call funds.

So why would you park $ with srx and carry a small risk when you could get 3% with zero risk?

Apart from a punt on a better offer, is there any other explanation? Index funds may need to increase their exposure?