BMO Equal Weight U.S. Banks Index ETF Review (ZBK) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 75/100
This equity ETF has an MER of 0.39%. With lower than average fees, it’s a cost-effective option. Managing 346 million in assets, it’s widely trusted by 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.

ZBK 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 Index (ZBK) 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 Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.39%. This ETF trades on the TSX exchange.

ZBK stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $346MM

Expense Ratio: 0.39%

Price: $27.98 (Updated: 3/7/2024)



BMO Equal Weight U.S. Banks Index (ZBK) Top 10 Holdings

Company NameSymbolAssets %
East West Bancorp IncEWBC6.93296
PNC Financial Services Group IncPNC6.82419
Fifth Third BancorpFITB6.73008
KeyCorpKEY6.59548
Citigroup IncC6.52971
Truist Financial CorpTFC6.38724
Citizens Financial Group IncCFG6.23735
Wells Fargo & CompanyWFC6.18467
U.S. BancorpUSB6.17476
Bank of America CorpBAC6.11529

BMO Equal Weight U.S. Banks Index (ZBK) Breakdown by Market Cap

CategoryValue
Mega12.34105
Big38.2591
Medium49.29744
Small0
Micro0

BMO Equal Weight U.S. Banks Index (ZBK) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00
Consumer Cyclicals00
Financial Services10099.72596
Real Estate00.01597
Communication Services00
Energy00
Industrials00.13865
Technology00.11943
Consumer Defensive00
Healthcare00
Utilities00

BMO Equal Weight U.S. Banks Index (ZBK) Geographic Breakdown

RegionEquity %Relative to Category
North America10097.533
United Kingdom00.38775
Europe Developed00.941
Europe Emerging00.001
Africa/Middle East00.006
Japan00.05
Australasia00.896
Asia Developed00.097
Asia Emerging00.067
Latin America00.016

ZBK Management Expense Ratio

ZBK has a management expense ratio of  0.39% . 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 Index TSX ETF

You can buy  ZBK 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:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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