Global Systemically Important Banks ETF (GSIB) — ()
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Time for Bank ETFs?
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Sentiment: Positive ()
An improving economy, steepening of the yield curve, and improved investment banking and trading operations have been helping bank ETFs lately.
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About Global Systemically Important Banks ETF GSIB
The fund is an actively managed exchange-traded fund (“ETF”) that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) that represent such companies in the banking sector. The fund is non-diversified.