Month: January 2018

U.S. Banks: High/Low Growth Areas in One Map (i.e., “Follow the Sun”)

In banking, as in most businesses, geography matters. Population growth supports GDP growth, which in turn drives revenue growth. In general, U.S. bank investors divide the U.S. into six distinct regions: the Northeast, Mid-Atlantic, Midwest, Southeast, Southwest, and West (see chart at the end of this comment). Within these regions, there are 53 metropolitan statistical areas (MSAs) with a population greater than 1 million and nearly…

HFY: Modestly Raising European Bank Exposure

With improving GDP growth and monetary policy backdrop in Europe and lower bank valuations, we have increased the exposure to high quality European banks in the Hamilton Capital Global Financials Yield ETF (HFY). Specifically, we (i) increased European bank exposure by ~700 bps, (ii) reduced “other financials” in the U.S. by ~200 bps, and (iii) reduced European insurance by ~400 bps. As a result of these…

Hamilton Capital Confirms 2017 Annual Capital Gains Distributions

TORONTO, Dec. 29, 2017 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital”) confirmed today the annual distributions of capital gains to unitholders of 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 2017 tax year. Please…

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