TORONTO, Dec. 19, 2017 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the distributions for its ETFs, the Hamilton Capital Global Bank ETF (ticker “HBG”), the Hamilton Capital Global Financials Yield ETF (ticker “HFY”) and the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (ticker “HFMU.U”), all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2017. The ex-dividend date…
Year: 2017
HFY: Reducing REITs/Australia
Per our comment published today, “HFY and HBG Manager Comment: Reducing Australian Bank Exposure on Rising Regulatory Risk”, we have recently reduced HFY’s Australian exposure following the government’s launch of a Royal Commission into the Australian financial services sector. This change was part of a wider review of the portfolio which also saw HFY’s REIT exposure reduced by over half to ~7%. At the same time,…
HBG & HFY: Reducing Australian Banks
With last week’s announcement of the Royal Commission on the Australian financial sector, which will likely have an emphasis on the largest banks, we have opted to reduce our weighting to Australia. Specifically, in the Hamilton Capital Global Bank ETF (HBG), we recently reduced the Australian banks to under 5% (from ~9%), replacing them with U.S. banks. In the Hamilton Capital Global Financials Yield ETF (HFY),…
U.S. Bank Mergers in Two Charts
In the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (TSX: HFMU.U) and the Hamilton Capital Global Bank ETF (TSX: HBG) our exposure to the U.S. mid-cap banking sector is ~65% and ~48%, respectively (owing to the sector’s low dividend yields, Hamilton Capital Global Financials Yield ETF has just 10% exposure to U.S. banks).
Notes from the Field: “Follow the Sun” / Catching up with U.S. Banks in Phoenix
One of our themes for the U.S. banks is to “follow the sun”, which refers to our emphasis on banks domiciled in the higher population growth states/metropolitan statistical area[1] (“MSAs”). Every single one of the 15 faster growing large MSAs (i.e., those with populations in excess of 1.5 million people) are located in the (sunny) Southeast, Southwest, and West.
HFMU.U Posts 12% EPS Growth, 11% Ahead of U.S. Financials
November 20, 2017 by Hamilton Capital The holdings within the Hamilton Capital U.S. Mid-Cap Financials ETF (HFMU.U) reported a very strong Q3, posting portfolio-weighted earnings growth of ~12% Y/Y. This compares to just 1% Y/Y for the U.S. financials[1]. The two most important factors contributing to HFMU.U’s much higher growth were: (i) its substantial overweight position in U.S. mid-cap banks (which are largely unrepresented in the Index, but…
HFY: Thoughts on Financials ETFs
Supported by improving global growth and a more positive monetary policy backdrop, sentiment for the global financials has improved over the last year. In our view, the sector is “under-earning” in a low rate environment, largely in the form of lower margins. With monetary policy slowly beginning to normalize, the potential for margin expansion to support higher EPS growth, and therefore stock prices is becoming increasing…
HBG’s U.S. Bank Portfolio Posts 16% EPS Growth Y/Y
November 16, 2017 by Hamilton Capital In the Hamilton Capital Global Bank ETF (Ticker: HBG), the U.S. bank portfolio reported another very strong quarter, posting portfolio-weighted earnings growth of ~16% Y/Y, its fifth consecutive quarter of double-digit Y/Y growth. HBG is up 10.3% YTD (through October 31st), making it 13% ahead of the KBW Global Bank Index (CAD). HBG continues to generate very consistent performance, with comparatively…
Hamilton Capital Opens TSX, Launching new U.S. Mid-Cap Financials ETF
On October 3, 2017, Hamilton Capital, and its partners, joined the TMX Group to open the market to launch Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (HFMU.U;TSX). HFMU.U commenced trading on the Toronto Stock Exchange on September 5, 2017.
Hamilton Capital Announces September 2017 Distributions
TORONTO, September 20, 2017 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the distribution for its ETFs, the Hamilton Capital Global Bank ETF (ticker “HBG”) and the Hamilton Capital Global Financials Yield ETF (ticker “HFY”), both of which trade on the Toronto Stock Exchange, for the period ended September 30, 2017. The Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (ticker “HFMU.U”), which…
HBG: U.S. Bank Portfolio Posts EPS Growth 20% Y/Y
September 5, 2017 In the Hamilton Capital Global Bank ETF (HBG, HBG.U; TSX), the U.S. mid-cap bank portfolio reported another very strong quarter, posting portfolio weighted year-over-year earnings growth of ~20% – its fifth consecutive quarter of double-digit growth. As we have noted in the past, with over 150 mid-cap banks (i.e., those with market caps between $0.5 bln and $20 bln), there is greater opportunity…
Hamilton Capital Launches Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (HFMU.U)
TORONTO, September 1, 2017 – Hamilton Capital Partners Inc. (“Hamilton Capital“) is pleased to announce the launch of the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (“HFMU.U“). HFMU.U seeks long-term returns in U.S. dollars, consisting of capital growth and dividends from an actively managed equity portfolio of, primarily, United States-based mid-cap (i.e., those firms with a market capitalization between US$500 million and US$20 billion) financial services…