The Australian financial sector is among the highest quality and strongest in the world (and very similar to that of Canada). Moreover, Australia is one of the wealthiest countries in the world with GDP/capita nearly 20% higher than that of Canada. It is also forecast to be one of the world’s fastest growing developed economies in 2020 (at 2.4%), providing a supportive backdrop to the financial…
Hamilton ETFs
13th Straight Quarter of Double-Digit EPS Growth; Valuations at Five-Year Lows
Hamilton Global Bank ETF (ticker: HBG) holdings reported portfolio-weighted EPS growth of 10% Y/Y[1], driven by strong U.S. banks fundamentals (~60% weight) and a diversified portfolio of global banks (~40% weight). This is the 13th consecutive quarter of double-digit portfolio-weighted EPS growth for HBG. The strong growth was led by U.S. mid-caps and bank holdings in India, Norway and select European countries. Note to Reader: This…
Hamilton ETFs and Purpose Investments Announce Completion and Exchange Ratio for Merger and Related Matters
TORONTO, October 28, 2019 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) and Purpose Investments Inc. are pleased to announce that the previously announced merger (the “Merger”) of Purpose Global Financials Income Fund (the “Terminating Fund”, “PFG”) into Hamilton Australian Financials Yield ETF (the “Continuing Fund”, “HFA”) was completed after the close of business of October 25, 2019 (the “Effective Date”). Merger Implementation “We are pleased to…
Hamilton ETFs Announces Q4 2019 Monthly Distributions for HCB, HFA
TORONTO, October 17, 2019 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the monthly cash distributions for its Hamilton Canadian Bank Variable-Weight ETF (ticker “HCB”) and Hamilton Australian Financials Yield ETF (ticker “HFA”), both of which trade on the Toronto Stock Exchange, for the fourth quarter of 2019. The ex-dividend date for each month’s distribution is indicated in the table below (column, “Ex-dividend…
Hamilton ETFs and Purpose Investments Announce Securityholder Approval of Fund Merger
TORONTO, October 17, 2019 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) and Purpose Investments Inc. (“Purpose”) are pleased to announce that the special meeting relating to the approval of the previously announced proposed merger of Purpose Global Financials Income Fund (TSX: PFG) (the “Terminating Fund”) into Hamilton Australian Financials Yield ETF (TSX: HFA) (the “Merger”) was held today. In accordance with applicable legal requirements, securityholders of…
Notes from Dallas: Big Things Happen Here
We recently returned from a visit to Dallas (our third in four years) where we met with eight banks operating in the Lone Star State. Five of the eight have footprints beyond Texas, and hence offered a fuller picture of the attractiveness of the Texas economy and business outlook (hint, there’s a reason they’re in Texas). Of the banks we met, three are holdings in our…
A Day in the Life of the U.S. Financials – Notes from New York
Three days in New York gave us the opportunity to meet with a broad-based group of financial services companies, largely based in the U.S., but several operating globally. Included in the mix were several holdings of the Hamilton Global Financials Yield ETF (ticker: HFY) and the Hamilton U.S. Mid-Cap Financials ETF (USD) (ticker: HFMU.U), both of which invest in the broader financials services sector. The former…
Hamilton ETFs Announces September 2019 Distributions
TORONTO, September 23, 2019 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the cash distributions for its suite of financial services ETFs, all of which trade on the Toronto Stock Exchange, for the period ending September 30, 2019. The ex-dividend date for these distributions is anticipated to be September 27, 2019, for all unitholders of record on September 30, 2019. The distributions will…
What U.S. Investment Bankers and Banks are Saying about M&A
At Hamilton ETFs, the prospects for M&A is one the supporting factors for our investment thesis for the U.S. mid-cap banks, in which both the Hamilton Global Bank ETF (ticker: HBG) and Hamilton U.S. Mid-Cap Financials ETF (USD) (ticker: HFMU.U) are heavily-weighted[1]. Note to Reader: This Insight includes references to certain Hamilton ETFs that were active at the time of writing. On June 29, 2020, the…
Notes from Washington, DC – Investigating One of the Wealthiest MSAs in the Country
We recently had the opportunity to meet senior management of over a dozen U.S. mid-cap banks headquartered in the Washington, DC area. Anchored by the capital city, the Washington-Arlington-Alexandria MSA (Washington MSA) is the sixth largest U.S. MSA ([1]) with real GDP of US$507 bln ([2]) and a population of 6.3 mln. Importantly, it is also the second wealthiest MSA ([3]) in the entire country, supported…
HFY: Thriving in a Very Challenging Market (Supported by 4%+ Yield)
The Hamilton Global Financials Yield ETF (HFY) continues to thrive in a very challenging market, generating excellent returns, with much lower volatility. Year-to-date, HFY has risen ~13.0%, over 800 bps ahead of its benchmark of higher yielding financials[1]. It is also outperforming with lower downside volatility than the Canadian banks, global financials, U.S. banks (both large and mid-cap), European financials/banks, and major financials indices in Asia…
Cdn/Aust’n Financials: Fraternal Twins w/ Low Correlations & Near Identical Risk Rewards
The Australian financial sector is among the highest quality and strongest in the world. It is also very similar to the Canadian financial sector. Arguably, there are no two financial sectors globally that more closely resemble each other than Canada and Australia. A desire to provide Canadians with exposure to this great sector is why we launched the Hamilton Australian Financials Yield ETF (HFA), which has…