Key stats
About BMO EQUAL WEIGHT US BKS IDX ETF EQUAL WEIGHT US BANKS INDEX ETF CAD
Expense ratio
0.39%
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Inception date
Feb 10, 2014
The fund is passively managed to provide exposure to the large-cap banking segment of the US financials sector. This includes commercial banks, savings institutions, and diversified investment. To be eligible for inclusion, companies must meet investability and liquidity requirements, including a minimum market capitalization of $10 billion. The index weights the resulting portfolio equally, instead of by market-cap, which lowers single-name blow-up risk and may cause a tilt to smaller firms. The index is reconstituted on a semi-annual basis.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region