Betashares Global Banks ETF – Currency Hedged

Betashares Global Banks ETF – Currency Hedged is an exchange traded fund designed to provide investors with exposure to the largest global banks, excluding those based in Australia. The primary objective of this ETF is to track the performance of the Nasdaq Global ex-Australia Banks Index, while hedging currency risk against the Australian dollar. This approach aims to minimize the impact of fluctuations in foreign exchange rates on returns. The fund holds a diversified portfolio of large-cap banking institutions from major markets such as North America, Europe, and Asia, including notable names like Bank of America, Royal Bank of Canada, and HSBC. By focusing on international banks, it enables investors to diversify their financial sector exposure beyond domestic banks and capture global banking sector trends. Structured as a passively managed vehicle, the ETF offers cost-effective, transparent, and efficient access to the banking industry outside Australia. Distributions are typically paid semi-annually, and the fund’s income and capital gains are distributed to unitholders. With its currency-hedged strategy, the ETF is particularly suited for investors seeking exposure to the global banking sector while aiming to avoid currency volatility relative to the Australian dollar.