TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce a permanent reduction in the management fee for Hamilton Canadian Bank Equal-Weight Index ETF (“HEB”).
Launched on April 4, 2023, HEB seeks to deliver attractive monthly income, while providing exposure to an equal-weight portfolio of the Big-6 Canadian banks. Hamilton ETFs is now pleased to confirm a permanent reduction in the management fee of HEB to 19 basis points1. This permanent fee reduction becomes effective today. With such management fee, HEB currently has the lowest management fee of any Canadian-bank oriented ETF in Canada2.
“The decision to permanently reduce the management fee on HEB is in the best interest of investors, and solidifies our line-up as a top-tier ETF provider for Canadian bank investors, offering the lowest fee Canadian bank ETF, the top performing Canadian bank ETF (HCAL)3, and the highest yielding Canadian financials ETF (HMAX)4.”, said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs. For more information on HEB and the rest of the Hamilton ETFs innovative suite of exchange traded funds, please visit www.hamiltonetfs.com.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
Hamilton ETFs is a Canadian investment manager based in Toronto, offering a suite of rules-based and actively managed exchange traded funds. With over $2 billion in assets under management and a specialty in financial services, 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.
Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
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.
Effective the date hereof, HEB’s annual management fee is 0.19% of the net asset value of HEB, plus sales tax.
Based on a universe of 11 Canadian bank ETFs that trade on the Toronto Stock Exchange, as at May 23, 2023.
Since inception on October 14, 2020, as at May 23, 2023. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange.
As of May 23, 2023.