Canadian Bank ETF: A Core Holding for Conservative Investors

The BMO S&P/TSX Equal Weight Banks Index ETF is a core holding for conservative investors, offering exposure to the Big Six Canadian banks whose shares have performed well in recent years. The ETF invests equally in the shares of these banks and pays a monthly distribution that approximates the dividends paid by the banks. Its current price is $58.10, with a 36.6% gain this year and a 12.6% average annual compound rate of return.