Global Banks ETF – Currency Hedged
- International shares
Exposure to the largest global banks (ex-Australia) in a single trade
Overview
Fund objective
BNKS aims to track the performance of an index (before fees and expenses) that comprises the largest global banks (ex-Australia), hedged into Australian dollars.
Benefits of BNKS
-
Access global opportunities in the financial sector
Access a portfolio of the world’s largest banks outside of Australia, including Bank of America, RBC and HSBC, in one ASX trade.
-
Spread financial sector risk
Investing in global banks enables you to spread your financial sector risk beyond the Australian banking sector.
-
Cost-effective
Passive, index-tracking approach means no ‘active manager’ fees, making BNKS a cost-effective investment for those seeking exposure to global banks outside of Australia.
There are risks associated with an investment in BNKS, including market risk, international investment risk, banking sector risk and concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $6.25 |
* As at 29 November 2023
Profile
| Net assets* ($A) | $38,404,558 |
|---|---|
| Units outstanding* (#) | 6,144,574 |
| Management fee and cost** (p.a.) | 0.57% |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 29 November 2023
**Certain additional costs apply. Please refer to PDS.Trading information
| ASX code | BNKS |
|---|---|
| Bloomberg code | BNKS AU |
| IRESS code | BNKS.AXW |
| iNAV IRESS code | N/A |
| Market makers | Susquehanna Pacific |
Index information
| Index | Nasdaq Global ex-Australia Banks Hedged AUD Index |
|---|---|
| Index provider | Nasdaq |
| Index ticker | N/A |
| Bloomberg index ticker | NQXAUHBN Index |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| JPMORGAN CHASE & CO | 8.4% |
| BANK OF AMERICA CORP | 8.1% |
| WELLS FARGO & CO | 6.3% |
| ROYAL BANK OF CANADA | 4.9% |
| HSBC HOLDINGS PLC | 4.8% |
| MITSUBISHI UFJ FINANCIAL GROUP | 4.2% |
| TORONTO-DOMINION BANK/THE | 4.0% |
| CITIGROUP INC | 3.4% |
| BNP PARIBAS SA | 2.7% |
| SUMITOMO MITSUI FINANCIAL GROU | 2.5% |
* As at 1 December 2023. Excludes cash
Sector allocation
| Diversified Banks | 95.4% |
|---|---|
| Regional Banks | 2.3% |
| Diversified Capital Markets | 0.9% |
| Consumer Finance | 0.8% |
| Diversified Financial Services | 0.6% |
* As of 31 October 2023
Country allocation
| United States | 31.7% |
|---|---|
| Canada | 15.0% |
| Japan | 8.6% |
| Britain | 8.3% |
| China | 5.9% |
| Spain | 4.8% |
| Singapore | 4.5% |
| France | 3.8% |
| Italy | 3.6% |
| Other | 13.8% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -4.16% | -4.12% |
| 3 months | -9.43% | -9.35% |
| 6 months | -1.48% | -1.24% |
| 1 year | 0.16% | 0.44% |
| 3 year p.a. | 11.78% | 12.35% |
| 5 year p.a. | -0.19% | 0.71% |
| 10 year p.a. | - | 3.58% |
| Since inception | 4.55% | 5.35% |
| Inception date | 28-Jul-16 | - |
* As at 31 October 2023.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Semi-annual |
|---|---|
| 12 mth distribution yield* | 2.3% |
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.