TORONTO, February 6, 2017 – Hamilton Capital Partners Inc. (“Hamilton Capital“) is pleased to announce the launch of the Hamilton Capital Global Financials Yield ETF (“HFY“). HFY seeks long-term total returns consisting of regular dividend and distribution income with long-term capital appreciation from an actively managed portfolio of equity securities of financial services companies located anywhere around the globe. Units of the ETF will begin trading…
Hamilton ETFs
HBG Celebrates One Year Anniversary, 12% Ahead of Global Banks
January 25, 2017 The Hamilton Capital Global Bank ETF (HBG) recently finished its first full year, increasing in value by ~28% (including dividends). Importantly, the ETF outperformed its benchmark, the KBW Global Bank Index (CAD) by almost 12%[1]. Not only did HBG generate significant outperformance relative to the global banks, it also managed to accomplish this while experiencing comparatively lower drawdowns. Currency hedging for HBG is…
U.S. Banks: Another Tough Quarter for Mega-Caps as All Four Experience Negative Q/Q EPS Growth (and Four-Year Near-Zero Growth Trend Persists)
On February 7th, 2017, we will be launching the Hamilton Capital Global Financials Yield ETF (HFY). It is the aspiration of HFY to generate “REIT-like yields, with positive rate sensitivity”. Therefore, we anticipate that HFY would have close to zero exposure to the four mega-cap banks primarily while their yields are very low. There are nearly 400 global financials with yields in excess of 5%, and…
Another U.S. Mid-Cap Bank Holding to be Acquired
Last night, it was announced that another Hamilton Capital Global Bank ETF (HGB) holding was being acquired, the second in 8 months. Along with greater EPS growth, lower regulatory risk, and higher interest rate sensitivity, this highlights one of the other reasons / themes why we prefer the U.S. mid-cap banks to their mega-cap peers: the potential for consolidation.
HFY: Global Financials Sector Offers ~400 Firms Yielding > 5%
The Hamilton Capital Global Financials Yield ETF (HFY) is scheduled to launch on February 7th, 2017. The objective of the fund is to offer attractive returns from regular/quarterly distribution income and capital appreciation by investing in global financials. Put differently, the aspiration of the fund is for the ETF to generate “REIT-like yields, with positive rate sensitivity”. HFY is a global ETF which means its investable…
Are REITs Set to Underperform the Financials?
We are pleased to announce the launch of the Hamilton Capital Global Financials Yield ETF (HFY), which will begin trading on the TSX on Tuesday, February 7th. The objective of the ETF is to offer attractive distribution potential. Put differently, our aspiration is for the ETF to have “REIT-like yields, but with positive rate sensitivity”. Although REITs were recently separated from certain financial services indices (for…
Hamilton Capital Confirms 2016 Annual Capital Gains Distribution for HBG
TORONTO, Dec. 30, 2016 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital”) confirmed today the annual distribution of capital gains to unitholders of the Hamilton Capital Global Bank ETF (ticker “HBG”), which trades on the Toronto Stock Exchange, for the 2016 tax year. Please note that this is an update to the estimated annual capital gains distributions previously announced on December 19, 2016. ETFs are required…
Hamilton Capital Announces HBG December 2016 Distribution
TORONTO, Dec. 19, 2016 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital“) is pleased to announce a distribution for the Hamilton Capital Global Bank ETF (ticker “HBG“), which trades on the Toronto Stock Exchange, for the period ended December 31, 2016. The ex-dividend date for the distribution is anticipated to be December 28, 2016, for all unitholders of record on December 30, 2016. The distribution will be paid in…
Howard J. Atkinson Joins Board of Hamilton Capital
TORONTO, Dec. 13, 2016 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital“), a financial services-focused investment manager and manager of the Hamilton Capital Global Bank ETF (HBG;TSX), is pleased to announce the appointment of Howard J. Atkinson to its board of directors. Mr. Atkinson joins retired Scotiabank Vice-Chair and Group Treasurer and current Canada Pension Plan Investment Board member, Robert Brooks, as independent directors of Hamilton…
Canadian Banks: Why U.S. Mid-Caps are Easier to Acquire (than 10 Years Ago)
In the Hamilton Capital Global Bank ETF (HBG; TSX), we generally seek to hold 50% North American banks, with an emphasis on the ~200 publicly traded U.S. mid-cap banks (those firms with <$100 bln in assets). As of the time of writing, HBG had exposure to 23 U.S. banks representing 43% of the ETF’s net asset value.
WFC: A Canadian Bank Counterfactual as it Enters Year #4 of No Growth
We generally have minimal exposure to the global mega-cap banks primarily because of their very low EPS growth, higher regulatory risk, and relative to their mid-cap peers, materially lower interest rate sensitivity. In this Insight, we explain why we believe “slow growth” WFC basically represents a Canadian bank counterfactual.
HBG: Reducing European Exposure on Italian Referendum Uncertainty
November 22, 2016 by Jennifer Mersereau Since the Hamilton Capital Global Bank ETF (HBG;TSX) launched, the ETF has limited its exposure to Italy owing to the banking sector’s significantly higher volatility, as well as HBG’s preference for exposure to European countries with higher/reliable dividend yields (i.e., we favour banks with lower regulatory and capital risk). This limited exposure has been despite Italy being one of the…