BMO Equal Weight Banks Index ETF ETF Analysis

BMO Equal Weight Banks Index ETF Profile

About BMO Equal Weight Banks Index ETF

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.

BMO Equal Weight Banks Index ETF Sectors