BMO Equal Weight Banks Index ETF (ZEB.TO) TSX

52.55

+0.06(+0.11%)

Updated at October 03 09:41AM

Currency In CAD

BMO Equal Weight Banks Index ETF

Address

Toronto,

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

April 20, 2010

Key Executives

N/A

Description

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.