Key stats
About GLOBAL X ENHANCED EQUAL WEIGHT BANK CLASS A UNITS
Expense ratio
3.06%
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Inception date
Jul 5, 2023
The fund aims to provide, net of expenses, 125% exposure to the underlying index, which invests in stocks of Canadian banks. These banks must be primarily listed on the TSX and are classified by FactSet Industries as Major Banks or Regional Banks. To be eligible for inclusion, companies should meet instability and liquidity requirements. The underlying index equally weights its constituents and rebalances semi-annually in March and September. The fund may hold constituent securities of the underlying index or may opt to invest in ETFs. The fund may utilize leverage through the use of cash borrowings.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region