MM has maintained confidence in the banks for the last 18-months through not locking in a loss during the pandemic plunge by stocks. However in line with our view on yields and risk in general its feeling like time to pull up stumps, at least for now.
BetaShares Global Banks ETF – Currency Hedged is an exchange-traded fund incorporated in Australia. the objective of the fund is to provide an investment return that aims to track the performance of the Nasdaq Global ex-Australia Banks Hedged AUD Index (the “Index”), before
taking into account fees and expenses.