Global X Equal Weight US Banks Index ETFUBNK.TOCOMMENTApr 06, 2026Stock price when the opinion was issued
If you can hold the underlying securities yourself, then you're not paying the 36 bps MER for Global X to hold them for you. You might find it a matter of convenience, where UBNK rebalances for you rather than having to do it yourself. It's a personal choice. It's unhedged.
A great way to keep it easy.
BMO has a hedged and an unhedged version. Both are equal weight. More diversified to include regional banks.
There's also UBNK, also an equal weighting. Much more concentrated in the big banks only.