Rob Wessel was on BNN Bloomberg last week for the beginning of Canadian bank earnings to discuss TD Bank results and what they could mean for the rest of the group. He also provided his thoughts on: (i) TD Bank’s anti-money laundering probe; (ii) risks of mortgage resets; and (iii) the catalysts needed to drive better performance from Canadian bank stocks going forward.

BNN Bloomberg: Rob Wessel on Canadian Banks

          

 

  • Top performing Canadian bank ETF since inception²
  • Equal-weight exposure to Canada’s “Big Six” banks with modest 25% cash leverage
  • Higher yield and enhanced long-term growth potential
  • Similar volatility to individual Canadian banks

 

Footnotes:

1. An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on April 30, 2024; 2. Since inception on October 14, 2020, as at April 30, 2024. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange, including unlevered and covered call strategies. Effective April 14, 2023, the investment objective of the Hamilton Enhanced Canadian Bank ETF (HCAL) was changed to equal weight exposure from its prior mean reversion approach. In certain markets, the current approach is expected to outperform the prior; 3. Growth of $10,000 based on total returns of the Solactive Equal Weight Canada Banks Index (SOLCBEW) vs 1.25x SOLCBEW, since March 16, 2007, as at December 29, 2023. Source: Bloomberg, Solactive AG, Hamilton ETFs; 4. Standard deviation since October 14, 2020, at April 30, 2024. Source: Bloomberg, Hamilton ETFs

 

Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs) managed by Hamilton ETFs. Please read the prospectus before investing. Indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and does not take into account sales, redemptions, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Only the returns for periods of one year or greater are annualized returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this email may constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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