Canadian ETF knowledgebase
The fund has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank Index, net of expenses.
The fund invests in and holds the constituent securities of the index in the same proportion as they are reflected in the index.
Solactive Equal Weight US Bank Index consists of the U.S. securities that fall within one of the following Industry groups; Finance, U.S. Banks, U.S. Commercial Banks, or U.S. Commercial Savings Institutions.
To be included in the index, each security is subject to minimum market capitalization requirement and liquidity screens.
Each security in the index is allocated an equal weight rather than a market capitalization weight.
|Category (main)||American Equity - Sector: Banks|
|Category (other)||Sector: Banks|
|Underlying Index||Solactive Equal Weight US Bank Index|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|Asset Class||Equity - Banks|
|ETF Home Page||Available here|
|Inception Date||Feb 10, 2014|
|Significant Currency Exposure||Yes|
|Management Fee||0.35% *|
|Management Expense Ratio (MER)||0.39%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||Unknown|
|SWP available **||Unknown|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.