Xtrackers MSCI USA Banks

ETF description

This ETF is designed to track the performance of a group of U.S. banks, providing investors with exposure to the American banking sector. It includes shares of large and mid‑sized banks that are involved in a range of financial services, such as lending, deposit‑taking, investment banking, and wealth management. By investing in this ETF, you gain access to a variety of institutions that play a key role in the U.S. financial system.

This ETF may appeal to investors who are interested in the financial industry and want to focus on the banking sector in particular. It offers a way to invest in a basket of companies that are integral to the U.S. economy, benefiting from factors such as economic growth, interest rate changes, and consumer spending.

Issuer details

Xtrackers is a large and established provider of high quality ETFs and exchange traded commodities (ETCs). It is the ETF and ETC segment of the German asset manager DWS.

Xtrackers ETFs are listed on eleven stock exchanges globally and have over £169.53bn (as at June 2024) in assets under management, making Xtrackers one of the largest providers of ETFs and ETCs by AUM.

Index details

The MSCI USA Banks 20/35 Capped Indexaims to reflect the performance of large and mid‑cap companies listed in the USA, that are classified for the industry group as banks according to the Global Industry Classification Standard (GICS). Weighted by free‑float adjusted market capitalization with the largest group entity in the index limited to 35% and the weight of the other entities limited to 20% with a buffer of 10% applied on these limits at each index rebalancing