In case you missed Rob Wessel on BNN this morning, click below for our thoughts on RY earnings, the prospects for the other Canadian banks, M&A and the Hamilton Capital Canadian Bank Variable-Weight ETF (ticker: HCB). Click here to watch the interview.
Hamilton ETFs
HBG Posts Robust 21% EPS Growth Y/Y in Q4-18
In Q4 2018, the holdings in the Hamilton Capital Global Bank ETF (ticker: HBG) recorded year-over-year portfolio-weighted EPS growth of a robust 21%[1], supported by excellent fundamentals of U.S. mid-cap banks (~45% weight) and a globally diversified portfolio of international banks (~55% weight). The growth was strong and consistent across virtually all regions. In fact, 33 banks in HBG reported year-over-year EPS higher greater than 10%.…
HFMU.U Posts 32% EPS Growth Y/Y; 13% Ahead of U.S. Large-Cap Financials
In Q4 2018, the holdings in the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (ticker: HFMU.U) recorded year-over-year portfolio-weighted EPS growth of a robust 32%[1], supported by excellent fundamentals including rising margins, solid volume growth and the reduction in the U.S. corporate tax reduction (which added roughly ~18% to this growth rate). As we explained in our insight “U.S. Bank M&A: Implications from the Largest Deal…
Canadian Banks: Five Takeaways from BBT/STI, Accelerating U.S. Bank M&A
Last week, in our insight “U.S. Bank M&A: Implications of the Largest Deal in a Decade”, we explained why we expect U.S. bank consolidation will accelerate following the BB&T/SunTrust merger, and reasons why such activity will predominately be within the small and mid-cap banks. In this insight, we offer five takeaways for the Canadian banks – BMO, CM, RY, and TD – and their U.S. expansion…
Indian Banks Overview: Large Diverse Sector, Operating in a High Growth Market
In this insight, we provide a review of the Indian economy and banking system, highlighting the most important issues facing the sector. India is a large emerging market with a fast-growing banking sector comprised of over 35 publicly traded banks divided into two main categories: state-owned (over 20) and private banks (over 15). For many years, India has been – and is forecast to remain –…
U.S. Bank M&A: Implications from the Largest Deal in a Decade
On Thursday morning, BB&T (BBT) and SunTrust (STI), two of the largest banks in the U.S. Southeast, announced a merger of equals (“MOE”). With an aggregate deal value approaching US$66 billion, the transaction marks the largest bank M&A deal since the 2008 financial crisis and will create the 6th largest bank in the United States. In this update we provide our thoughts including the main takeaways…
Morningstar: Good news for Canadians investing in Australia
Morningstar spoke to Rob Wessel, Managing Partner at Hamilton Capital, on the recent developments with Australia’s Royal Commission report and how Canadian’s can gain exposure to Australia with the Hamilton Capital Australian Financials Yield ETF (HFY). Click here to read the article.
Notes from India: Financials Poised to Benefit from World’s Fastest Growing Economy
We met the management teams of over a dozen Indian banks, insurers and asset managers in the financial capital of Mumbai, India in December. With real GDP growth of over 7% over the past decade, India is one of the largest emerging markets and forecast to be the fastest growing major economy in 2019. Not surprisingly, the management teams we met were very upbeat. Exposure to…
Australian Financials: Regulatory Clarity Arrives
The Hamilton Capital Australian Financials Yield ETF (HFA) was launched in December 2018, with a targeted yield of 6.5% or higher paid monthly (aided by covered calls). The Australian financials have a history of long-term outperformance versus the Canadian financials with lower volatility. In fact, the Australian banks outperformed the Canadian banks during the global financial crisis. One main reason Australian financials have consistently outperformed their…
Hamilton Capital Announces Q1 2019 Monthly Distributions for HCB, HFA
TORONTO, January 23, 2019 – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the monthly cash distributions for its Hamilton Capital Canadian Bank Variable-Weight ETF (ticker “HCB”) and Hamilton Capital Australian Financials Yield ETF (ticker “HFA”), both of which trade on the Toronto Stock Exchange, for the first quarter of 2019. The ex-dividend date for each month’s distribution is indicated in the table below…
Hamilton Capital Announces December 2018 Distributions
TORONTO, December 20, 2018 – Hamilton Capital Partners Inc. (“Hamilton Capital”) 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 ended December 31, 2018. The ex-dividend date for these distributions is anticipated to be December 28, 2018, for all unitholders of record on December 31, 2018. The distributions will…
Pref ETFs Falter (Again): Why HFA/HCB are Logical Switch Candidates for Monthly Income
Following our October launch of the Hamilton Capital Canadian Bank Variable-Weight ETF (HCB), today we launched the Hamilton Capital Australian Financials Yield ETF (HFA). Both of these ETFs pay monthly dividends. HFA seeks to generate a yield of 6.5% or higher from a portfolio of higher dividend-paying Australian financials operating in arguably the world’s strongest and safest financial sector (aided by covered calls). Of note, the…