Global X BANK ETF (ASX:BANK)

Global X Australian Bank Credit ETF

Australian

About the BANK ETF

Australian banks are known for being some of the most credible and robust financial institutions in the world. BANK is the only index-based ETF offering exposure to the broader capital stack of Australia's banks in one diversified solution

BANK ETF Performance Review

3.43

6.02

5.28

Data Current To: 28/02/2025

Our review of BANK ETF

Australian bank securities

Concentrated

Investment grade

What we like about the BANK ETF

Monthly income

Investment grade

Things to be aware of about the BANK ETF

No credit ratings provided

Concentrated

BANK ETF Investment Strategy

BANK aims to provide investors a return (before fees and expenses) that tracks the performance of the Solactive Australian Bank Credit Index, a published index, by holding a portfolio of Bonds and Hybrid Securities that may comprise all or a representation of the securities comprising the Index, or other eligible assets as determined by the Responsible Entity.

What does the BANK ETF Invest In?

BANK is a Corporate Bond ETF.

The fund invests in Australian bank senior, subordinated and hybrid securities

Senior Weight (39.00%)
Hybrids (30.80%)
Subordinated (30.10%)

BANK ETF Credit Quality

BANK Frequently Asked Questions

What index does the BANK ETF aim to replicate?

The BANK ETF aims to replicate the Solactive Australian Bank Credit Index.

How often does BANK ETF pay distributions?

The distribution frequency of BANK is Monthly.

When did the BANK ETF start?

The inception date of the BANK ETF was 22/07/2024.

What are the net assets of the BANK ETF?

BANK has net assets of $49.02m (AUD) as of 28/02/2025.

What are the number of holdings in the BANK ETF?

Total number of holdings in BANK is 102 as of 28/02/2025.

What are the management fees for the BANK ETF?

The annual management fees for the BANK ETF are 0.25% p.a. Learn more about ETF fees in this article.

How can I invest in the BANK ETF?

BANK is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the BANK ETF have a minimum investment amount?

No, there is no minimum to invest in the Global X ETFs BANK ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the BANK ETF?

No, BANK has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.