2022 is off to a noteworthy start for the Canadian banks, with long-awaited M&A announcements and another strong earnings season. In December, we posted our outlook for the year, “Canadian Banks: Five Possible Drivers in 2022”, in which we stated that the cyclical recovery was not yet over. We identified five factors that we expected would influence bank share prices during 2022: (i) reserve releases, (ii)…
Hamilton ETFs
Hamilton ETFs Announces Monthly Distributions for February 2022
TORONTO, February 16, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the cash distributions for its ETFs with monthly payouts, all of which trade on the Toronto Stock Exchange, for the month ended February 28, 2022. The ex-dividend date for these distributions is anticipated to be February 25, 2022, for all unitholders of record on February 28, 2022. The distributions will be…
Hamilton ETFs Launches Hamilton Enhanced U.S. Covered Call ETF
TORONTO, February 7, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs“) is pleased to announce the launch of the Hamilton Enhanced U.S. Covered Call ETF (“HYLD“). HYLD seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the Solactive U.S. Covered Call ETFs Index. HYLD has closed the offering of its initial CDN$ Hedged Units…
Banques canadiennes : L’acquisition de BoW par BMO transaction risque/rendement élevés
La Banque de Montréal a récemment annoncé l’acquisition de Bank of the West (BoW), la filiale américaine de BNP Paribas spécialisée dans la banque de détail, pour un montant d’environ 20 milliards de dollars canadiens, soit la plus grande acquisition de l’histoire des banques canadiennes. La transaction est très différente des acquisitions précédentes et est d’autant plus compliquée que BoW n’est pas cotée en bourse (entièrement…
Canadian Banks: BMO’s High Risk, High(er) Reward Acquisition of BoW
Bank of Montreal recently announced the acquisition of BNP Paribas’ U.S. retail banking subsidiary, Bank of the West (BoW) for ~C$20 bln – the largest acquisition in Canadian banking history. The transaction is very different from prior acquisitions made by the Canadian banks and is further complicated by the fact that BoW is not publicly traded (wholly owned by BNP), so most Canadian investors have limited…
Hamilton ETFs Launches Hamilton Enhanced Canadian Financials ETF
TORONTO, January 26, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs“) is pleased to announce the launch of the Hamilton Enhanced Canadian Financials ETF (“HFIN“). HFIN seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the Solactive Canadian Financials Equal-Weight Index. HFIN has closed the offering of its initial units. Units of the ETF…
Hamilton ETFs Announces Monthly Distributions for January 2022
TORONTO, January 24, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the cash distributions for its ETFs with monthly payouts, all of which trade on the Toronto Stock Exchange, for the month ended January 31, 2022. The ex-dividend date for these distributions is anticipated to be January 28, 2022, for all unitholders of record on January 31, 2022. The distributions will be…
Financial Post: Banks are keeping some of their powder dry when it comes to dividend increases, analysts say
The Financial Post wrote about the potential for Canadian bank dividend increases and our recent analysis of the banks. Click here to read the full article in the Financial Post, and see our related note “Canadian Banks: Five Possible Drivers in 2022 (Q4 2021 in Charts)”.
HCAL/HCA Lead All Canadian Bank ETFs in 2021
During 2021, the Hamilton Enhanced Canadian Bank ETF (HCAL) and the Hamilton Canadian Bank Mean Reversion Index ETF (HCA) outperformed all other Canadian bank ETFs, rising 51.5% and 40.3%, respectively. Entering last year, we forecast the Canadian banks would have a very strong year (see our insight “Q4-2020 Takeaways – Recovery Has Started” and our video “Three Potential Catalysts for 2021”[1]). HCAL outperformed all strategies by…
HFT – FNB Fintech de premier ordre avec des rendements absolus et ajustés au risque supérieurs à ceux de ses pairs
Dans notre opinion, les investisseurs canadiens devraient avoir une pondération d’au moins 5 % dans l’innovation financière de premier ordre. Cette catégorie présente des perspectives de croissance attrayantes (croissance séculaire du BPA supérieure à 25 %), des rendements des capitaux propres élevés et une diversification importante par rapport aux principales positions financières canadiennes (notamment les banques). En juin 2020, nous avons lancé le FNB Sociétés financières…
Hamilton ETFs Confirms 2021 Annual Non-Cash Distributions
TORONTO, December 30, 2021 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) confirmed today the annual non-cash distributions (“Non-Cash Distributions”) for its suite of financial services ETFs for the period ended December 31, 2021. Please note this is an update to the estimated special distributions previously announced on December 21, 2021. ETFs are required to distribute any net income and capital gains earned in the year.…
HFT – ‘Blue Chip’ Fintech ETF with Peer Leading Absolute and Risk-Adjusted Returns
We believe Canadian investors should have at least a 5% weighting to ‘blue-chip’ financial innovation. The category has attractive growth prospects (secular EPS growth over 25%), high ROEs, and provides valuable diversification to core Canadian financial holdings (especially banks). In June 2020, we launched the Hamilton Financials Innovation ETF (HFT) for investors seeking exposure to higher growth secular themes but are concerned about downside volatility –…