If you like big banks, there’s an ETF for that. As regional banks continue to recover amid the fallout from the Silicon Valley Bank collapse, the exchange-traded fund industry is moving quickly with new products to address the turbulence. Roundhill Investments launched its new Big Bank ETF (BIGB) on Tuesday in response to the banking crisis.
What is BigB ETF & how does it work?
BIGB debuted in late March 2023 at the height of the regional banking crisis, offering concentrated market cap-weighted exposure to a handful of big-bank stocks. Currently, the ETF holds JPMorgan Chase, Goldman Sachs Group Inc. ( GS ), Morgan Stanley, Wells Fargo, Bank of America and Citigroup for a 0.29% expense ratio.
What is the roundill Big Bank ETF?
An ETF offering exposure to the six largest U.S. banks launched Tuesday fromRoundhill Investments. Here’s a look at the ETF, its holdings and why it’s important as the banking sector struggles. What Happened:The Roundill Big Bank ETF(NASDAQ:BIGB) is a new ETF that holds equal weightings of the six largest U.S. bank stocks.
