BMO Equal Weight U.S. Banks Index ETF Review (ZBK) 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 Name | Symbol | Assets % |
|---|---|---|
| East West Bancorp Inc | EWBC | 6.93296 |
| PNC Financial Services Group Inc | PNC | 6.82419 |
| Fifth Third Bancorp | FITB | 6.73008 |
| KeyCorp | KEY | 6.59548 |
| Citigroup Inc | C | 6.52971 |
| Truist Financial Corp | TFC | 6.38724 |
| Citizens Financial Group Inc | CFG | 6.23735 |
| Wells Fargo & Company | WFC | 6.18467 |
| U.S. Bancorp | USB | 6.17476 |
| Bank of America Corp | BAC | 6.11529 |
BMO Equal Weight U.S. Banks Index (ZBK) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | 12.34105 |
| Big | 38.2591 |
| Medium | 49.29744 |
| Small | 0 |
| Micro | 0 |
BMO Equal Weight U.S. Banks Index (ZBK) 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 Index (ZBK) 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 |
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:| Image | Product Title | Features | Price |
|---|---|---|---|
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