Global shares
BNKS
Betashares Global Banks Currency Hedged ETF · Betashares
A basket of the world's largest banks, held outside Australia — the big lenders across the United States, Canada, Europe and Asia.
What the fee costs you
The management fee is 0.57% a year. Here’s what that works out to in dollars:
A 0.57% yearly fee works out to about $57 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Betashares
- Asset class
- Global shares
- Number of holdings
- ~50
- Where it invests
- Global ex-Australia, spread across the United States, Canada, Britain, Japan and Europe.
- Income paid
- Half-yearly
- Currency hedged
- Yes — It's currency-hedged back to Australian dollars, so day-to-day moves in the Australian dollar against foreign currencies are largely smoothed out, leaving mainly the markets themselves.
Its character
A single-sector fund: it owns one part of the market — banks — rather than the whole market, so it leans on how the banking industry performs as a group.
What to keep in mind
Concentrated in a single sector, so it can move more sharply than a broad global fund — a narrow sector is a narrower spread of risk.
How this fund relates to others
It deliberately excludes Australia, so it has little overlap with the bank-heavy Australian funds, while its global banks already sit inside broad world funds as one sector.
Figures last verified 2026-06-22against the issuer’s factsheet and PDS.