I have excess cash, quite often a substantial amount sitting in a bank account earning 1-2%.
I have no experience with these funds, would something like Mutual Enhanced Cash (MIF) be worth my time to look at to try and get a better return on my idle funds.
Ive looked at hybrid notes but underlying price change can easily/quickly wipe out returns
Any chance you can explain risk etc on these products if you have time compared to cash or what you would do with the excess funds, remembering they must be at call
