Betashares Australian Major Bank Hybrids Index ETF

The Betashares Australian Major Bank Hybrids Index ETF (BHYB) invests in hybrid securities issued by Australia's major banks. Hybrids are a type of investment that combines features of both bonds and shares, offering regular income payments like bonds but with the potential for higher returns similar to shares. This ETF aims to provide investors with a steady income stream by focusing on these bank-issued hybrids, which are generally considered to have lower risk compared to other types of hybrid securities. With a management fee of 0.35%, BHYB offers a cost-effective way for investors to access a diversified portfolio of hybrid securities from some of Australia's largest and most stable financial institutions.