Key stats
About BMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNIT
Expense ratio
0.28%
Home page
Inception date
Oct 20, 2009
The fund is passively managed to provide exposure to the Canadian banking industry, which encompasses both major banks and regional banks. To be eligible for inclusion, companies should be TSX-listed and must meet investability and liquidity requirements, including a minimum market capitalization of CAD 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
Displays a symbol's price movements over previous years to identify recurring trends.