Roundhill Launches BIG Bank ETF

Roundhill Investments has launched the Roundhill BIG Bank ETF (BIGB) on NASDAQ, offering investors concentrated and cost-efficient exposure to the largest and most liquid U.S. bank stocks. According to Dave Mazza, Chief Strategy Officer at Roundhill, the new ETF allows investors to achieve exposure to money center banks without the potential exposure to smaller financial services companies found in existing financial ETFs. The fund utilizes an equal weighting, rebalances quarterly, and reconstitutes annually, with an expense ratio of 0.29%. Roundhill also plans to introduce BIGT, BIGA, and BIGD to its suite of BIG ETFs in the coming weeks, targeting the largest companies in Technology, Airlines, and Defense, respectively.