Global X Equal Weight Canadian Banks Index Corporate Class ETF Weight Canadian Banks Index Corporate Class ETF

An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.

HEWB trades at 49.36 CAD today, its price has risen 0.12% in the past 24 hours. Track more dynamics on HEWB price chart.

HEWB net asset value is 49.25 today — it's risen 7.93% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.

HEWB assets under management is ‪214.86 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.

HEWB price has risen by 7.30% over the last month, and its yearly performance shows a 34.94% increase. See more dynamics on HEWB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.93% over the last month, showed a 16.78% increase in three-month performance and has increased by 34.17% in a year.

HEWB fund flows account for ‪−11.13 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.

Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.

HEWB invests in cash. See more details in our Analysis section.

No, HEWB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.

In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HEWB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HEWB shows the strong buy signal. See more of HEWB technicals for a more comprehensive analysis.

No, HEWB doesn't pay dividends to its holders.

HEWB trades at a premium (0.09%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.

HEWB shares are issued by Mirae Asset Global Investments Co., Ltd.

HEWB follows the Solactive Equal Weight Canada Banks Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.

The fund started trading on Jan 22, 2019.