ทำไมคนแห่พักเงินแสนล้านใน SGOV

*iShares 0-3 Month Treasury Bond ETF (SGOV)* is an exchange-traded fund (ETF) managed by BlackRock under the iShares brand. This fund is designed to track the *ICE 0-3 Month US Treasury Securities Index* by investing in *U.S. Treasury Bills* with a remaining maturity of no more than 3 months. These are considered one of the safest assets in the world because they are guaranteed by the U.S. government. SGOV is suitable for saving money or as a cash parking option for the following main reasons: 1. High Security and Capital Preservation Because the fund primarily invests in short-term U.S. government bonds, it has *very low credit risk* and **exceptionally low price volatility (duration risk)**. If market interest rates change, the price of SGOV will be minimally affected compared to long-term bond funds. 2. Higher Returns than a Typical Savings Account In the 2026 interest rate environment, SGOV offers a market-referenced yield that is typically **higher than typical bank savings account interest rates**. For example, as of June 2026, the 30-day SEC Yield was approximately **3.53% - 3.55%**, while a typical US savings account might offer an average interest rate of only 0.39%. 3. High Liquidity and Easy Access *Intraday Trading:* Investors can buy and sell SGOV shares at any time during stock market trading hours (Intraday Liquidity), just like trading regular stocks. *No Minimum Investment:* Unlike some money market funds that may have high minimum investment requirements, SGOV can be started with a small amount of money based on the market price. *Large Trading Volume:* SGOV is one of the largest government bond ETFs, with an average trading volume exceeding $1 billion per day. 4. Consistent Income and Low Fees *Monthly Dividends:* The fund accumulates interest from Treasury bills and pays them out as dividends. *Monthly Dividends Payed to Shareholders* *Low Cost:* SGOV has a management fee (Expense Ratio) of only *0.09%* per year, which is more than half the average for retail money market funds. 5. Tax Benefits (For US Investors) Interest income from US Treasury bills is often **exempt from state and local taxes (State and Local Tax Exemption)**, which allows investors to receive higher after-tax returns than saving in a bank account or corporate bonds. Considerations and Limitations: *No Deposit Insurance:* SGOV is not guaranteed by the FDIC like bank deposits, and prices may fluctuate slightly with market conditions. *Reinvestment Risk:* If the US Federal Reserve (Fed) cuts interest rates, the returns and dividends of SGOV will decrease when the original Treasury bills mature, and new bills with lower interest rates must be purchased. *Inflation Risk:* If inflation is higher than the returns received, the purchasing power of savings may decrease in the long term.