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…
Month: January 2017
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…