BMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNITBMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNITBMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNIT

BMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNIT

No trades
See on Supercharts

Key stats

Assets under management (AUM)
‪3.37 B‬CAD
Fund flows (1Y)
‪−1.01 B‬CAD
Dividend yield (indicated)
4.65%
Discount/Premium to NAV
0.5%

About BMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNIT

Issuer
Bank of Montreal
Brand
BMO
Expense ratio
0.28%
Home page
Inception date
Oct 20, 2009
Index tracked
Solactive Equal Weight Canada Banks Index - CAD
Management style
Passive
The fund is passively managed to provide exposure to the Canadian banking industry, which encompasses both major banks and regional banks. To be eligible for inclusion, companies should be TSX-listed and must meet investability and liquidity requirements, including a minimum market capitalization of CAD 10 billion. The index weights the resulting portfolio equally, instead of by market-cap, which lowers single-name blow-up risk and may cause a tilt to smaller firms. The index is reconstituted on a semi-annual basis.

Classification

Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy