BMO Equal Weight U.S. Banks Hedged Index ETF Review (ZUB) 2024
Wealth Awesome Rating: 74/100
This equity ETF has an MER of 0.40%. With lower than average fees, it’s a cost-effective option. Managing 234 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
ZUB trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Equal Weight U.S. Banks Hedged Index (ZUB) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
What is the BMO Equal Weight U.S. Banks Hedged Index ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.40%. This ETF trades on the TSX exchange.ZUB stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $234MM
Expense Ratio: 0.40%
Price: $26.08 (Updated: 3/7/2024)
The BMO Equal Weight US Banks Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index. The U.S. dollar exposure is hedged back to Canadian dollars.
BMO Equal Weight U.S. Banks Hedged Index (ZUB) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | 12.28009 |
| Big | 38.43524 |
| Medium | 49.69295 |
| Small | 0 |
| Micro | 0 |
BMO Equal Weight U.S. Banks Hedged Index (ZUB) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 100 | 99.72596 |
| Real Estate | 0 | 0.01597 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0.13865 |
| Technology | 0 | 0.11943 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
BMO Equal Weight U.S. Banks Hedged Index (ZUB) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 100 | 97.533 |
| United Kingdom | 0 | 0.38775 |
| Europe Developed | 0 | 0.941 |
| Europe Emerging | 0 | 0.001 |
| Africa/Middle East | 0 | 0.006 |
| Japan | 0 | 0.05 |
| Australasia | 0 | 0.896 |
| Asia Developed | 0 | 0.097 |
| Asia Emerging | 0 | 0.067 |
| Latin America | 0 | 0.016 |
ZUB Management Expense Ratio
ZUB has a management expense ratio of 0.40% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.How to Buy BMO Equal Weight U.S. Banks Hedged Index TSX ETF
You can buy ZUB on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
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