![]() ![]() This ETF has a medium risk rating and holds the following security as of August 3, 2021: CIC Holdings This fee is 20 basis points higher than the MER for ZEB. Increased active management strategy by this ETF translates to an MER of 0.80%, which is $8.00 in fees per $1,000 asset per year. In addition, it uses covered call options to minimize volatility and increase income.ĬI Global Asset Management can sell call options on up to a maximum of 25% of the common shares of each bank held each month. Like ZEB, the CI Canadian Banks Income Class ETF also invests in Canada’s 6 largest banks. Dividend yield: 3.68% (5.83% total, including option yield).This is to be expected, given you are investing in only six stocks, which means limited diversification. Not surprisingly, this ETF has a “medium” risk rating. It has seen significant growth in the last year following the pandemic slump, with an eye-popping 55.24% return. ![]() ZEB has had an annualized return of 11.95% since its inception. You pay a 0.28% Management Expense Ratio (MER) which translates to $2.80 per year per $1,000 investment. ZEB’s annualized distribution yield of 3.33% is decent however, you can earn a higher yield by holding individual stocks. This ETF is designed to track the performance of the Soloactive Equal Weight Canada Banks Index and is currently invested as follows (as of July 30, 2021): ZEB Bank Holdings The BMO Equal Weight Banks Index (ZEB) is a great choice if you want exposure to Canada’s six biggest banks. iShares Canadian Financial Monthly Income ETF (FIE).iShares Equal Weight Banc & Lifeco ETF (CEW).iShares S&P/TSX Capped Financials Index ETF (XFN).RBC Canadian Bank Yield Index ETF (RBNK).BMO Covered Call Canadian Banks ETF (ZWB).CI First Asset CanBanc Income Class ETF (CIC).The top Canadian banking ETFs as of this writing are: Get a $50 free trade credit with Questrade. That said, even beginners can now buy stocks for free and in small slices using Wealthsimple Fractional Shares. While you can easily purchase shares (stocks) of Canadian banks online using a discount brokerage account, there is merit to purchasing an ETF portfolio that holds them all in one place.įor example, if you’d rather not bother about portfolio rebalancing or want to invest small amounts of money in portions of bank shares regularly. Should I Invest in a Canadian Bank ETF?.How To Buy Canadian Bank ETFs in Canada.iShares Canadian Financial Monthly Income ETF iShares S&P/TSX Capped Financials Index ETF
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