TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton Canadian Bank 1.25x Leverage ETF ("HCAL"). HCAL seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the Solactive Canadian Bank Mean Reversion Index.
HCAL has closed the offering of its initial units. Units of the ETF will begin trading on Thursday, October 15, 2020 on the Toronto Stock Exchange ("TSX") under the ticker symbol "HCAL".
“We are excited to expand our innovative ETF offerings, with the launch of HCAL, a levered version of our Hamilton Canadian Bank Mean Reversion Index ETF (ticker: HCA). HCAL will provide investors with added exposure to the Canadian banking sector and offering enhanced return potential and a targeted yield of 6%+, making it one of the highest yielding Canadian bank ETFs. Canadian bank stocks remain well below their pre-COVID levels and HCAL is designed to help investors get more from their investment and achieve higher growth and higher dividends as the sector recovers from the credit cycle”, said Rob Wessel, Managing Partner at Hamilton ETFs.
About Hamilton Capital Partners Inc.
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector, with a portfolio management team boasting over 60 years of combined experience. The firm’s specialized investment focus is driven by proprietary research, analysis, and analytical tools. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Certain statements contained in this news release 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.