TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce that in its first year ended October 14, 2021, the Hamilton Enhanced Canadian Bank ETF ("HCAL") had a total return of 60.4%, making it the top performing Canadian bank ETF over this period1. HCAL is also one of the highest yielding Canadian bank ETFs with a current indicated yield of 4.95%, paid monthly.
“We believe HCAL continues to be favourably positioned relative to other Canadian bank ETF investment strategies. The Canadian banks are still seen to be in the recovery stage of the economic and credit cycle, which would support higher earnings and capital. With the potential for large dividend increases looming and relatively low valuations, we see the sector – and HCAL – as poised to benefit” said Rob Wessel, Managing Partner at Hamilton ETFs.
“We would like to thank our investors for their continued support of HCAL. We are very pleased with its performance and significant AUM growth in its first year. We continue to believe that HCAL is an excellent choice for long-term investors, offering enhanced growth potential and higher monthly income,” said Pat Sommerville, Partner, Head of Business Development at Hamilton ETFs.
About Hamilton Capital Partners Inc.
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $900 million in asset under management, the firm offers seven exchange traded funds including both rules-based and active mandates, with a portfolio management team boasting over 60 years of combined experience. 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.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the Hamilton ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently, and past performance may not be repeated.
For a summary of the risks of an investment in the Hamilton ETFs, please see the specific risks set out in the Hamilton ETFs’ prospectus. Hamilton ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.
1 Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange