While outstanding earnings from large banks like Goldman Sachs (GS - Get Report) and Wells Fargo (WFC - Get Report) have helped big banks to make positive headlines, many investors are still justifiably wary of the financial sector. FBR Capital Markets (FBCM) and First Trust offer funds that help give exposure to smaller, and often healthier, banks.The new fund, First Trust NASDAQ ABA Community Bank Index Fund (QABA) exposes investors to smaller, less-risky banks. Though the fund was only released July 1, it already faces competition from mutual funds such as FBR Small Cap Financial (FBRSX) that invest in similar banks but have an established track record.
ETFs for Smaller Banks
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