![]() Not surprisingly, this ETF has a “medium” risk rating. ZEB has had an annualized return of 10.77% since its inception and, after gaining 39.28% in 2021, has cooled off for a modest loss of -4.47% in a challenging year in 2022. You pay a 0.28% Management Expense Ratio (MER) which translates to $2.80 per year per $1,000 investment. ![]() ZEB’s annualized distribution yield of 4.01% is decent however, you can earn a higher yield by holding individual stocks. This ETF is designed to track the performance of the Soloactive Equal Weight Canada Banks Index and is currently invested as follows (as of December 8th, 2022): ZEB Bank Holdings The BMO Equal Weight Banks Index (ZEB) is an excellent choice if you want exposure to Canada’s six biggest banks. Get a $50 free trade credit with Questrade. That said, even beginners can now buy stocks for free and in small slices using Wealthsimple Fractional Shares. While you can easily purchase shares (stocks) of Canadian banks online using a discount brokerage account, there is merit to purchasing an ETF portfolio that holds them all in one place.įor example, if you’d rather not bother about portfolio rebalancing or want to invest small amounts of money in portions of bank shares regularly. iShares Canadian Financial Monthly Income ETF (FIE).iShares Equal Weight Banc & Lifeco ETF (CEW).iShares S&P/TSX Capped Financials Index ETF (XFN). ![]() Hamilton Enhanced Canadian Bank ETF (HCAL).BMO Covered Call Canadian Banks ETF (ZWB).Horizons Equal Weight Canadian Banks ETF (HEWB).The top picks for Canadian banking ETFs as of this writing are: What is the Best Canadian Bank ETF? Best Canadian Bank ETFs
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