BetaShares launches new ASX banking ETF

It was only back in February that we last looked at exchange-traded fund (ETF) provider BetaShares newest addition to the ASX. That was the BetaShares Cloud Computing ETF (ASX: CLDD), which launched in late February.

But today, we have news that BetaShares, evidently not one to rest on its laurels, is back at it. Today marks the first day of trading for the new BetaShares Australian Major Bank Hybrids Index ETF (ASX: BHYB). This new fund began trading this morning after opening at $10.02 per unit. At the time of writing, it hasn’t changed much, still priced at $10.02.

So if you’re a little confused over this ETF’s name, I wouldn’t blame you. Lots of jargon there. So the first thing to note is that this ETF doesn’t…