Global X Australian Bank Credit ETF

The Global X Australian Bank Credit ETF, with the ticker BANK, is designed to provide investors with exposure to the credit market of Australian banks. This ETF invests in a diversified portfolio of bonds and other debt securities issued by major Australian banks, aiming to deliver steady income through interest payments. With a management fee of 0.25%, it offers a cost-effective way for retail investors to gain access to the financial stability and creditworthiness of Australia's banking sector, without the need to directly purchase individual bank bonds.