Bank ETF

0
0

Hi Dan.
I can not find your answer to my Bank ETF question?

Marked as spam
Asked on December 17, 2024 3:43 pm
39 views
0
Private answer

Hey there. You've asked anonymously so I'm going to assume you are the one who recently asked about a banking ETF. Please let me know if you aren't and have another question in mind. Here is my answer to the Bank ETF question posted not too long ago:

I actually believe if you are looking for an equal weight banking ETF that Hamilton’s HEB is the best one out there. It is pretty much the exact same fund as ZEB but it has lower fees. I believe HEB is around 18 basis points where ZEB is 25 basis points.

RBNK is a more yield focused ETF so it essentially focuses on the weaker performing Canadian Banks (lower stock prices = higher yields). It has worked out quite well over the last bit because of the resurgence in CIBC and Scotia. However, it still holds the smallest amount of exposure to what I believe are the two highest quality Canadian banks in National and Royal.

As mentioned, HEB is one of the stronger funds in my opinion. Same result as ZEB but lower fees. This won’t result in a crazy amount of higher returns. In fact over the short term it will almost be negligible. But over the long term can add up.

Marked as spam
Posted by Dan Kent
Answered on December 17, 2024 9:45 pm