Hamilton ETFs

European Banks in Charts: Credit Normalization vs. Margins

The European banking sector includes some of the world’s largest banks, making its health and profitability very important to the global markets. Given the sustained weakness in the sector (the STOXX Europe 600 Banks has fallen ~30% since the beginning of 2018), we thought it would be helpful to review key balance sheet and income statement trends – in 14 charts – since the European sovereign…

U.S. Mid-Caps Continue to Generate Outsized EPS Growth; P/Es at ~20% Discount to 5 Year Average

In Q2 2019, portfolio-weighted EPS[1] grew 12% for the holdings in the Hamilton U.S. Mid-Cap Financials ETF (USD) (ticker: HFMU.U). The growth in the quarter was nearly 200 bps ahead of the large cap financials at 10.1%[2] and has outgrown its large cap peers every quarter since HFMU.U was launched eight quarters ago. The strong earnings growth was driven by steady volume growth, a benign credit…

12th Straight Quarter of 10%+ EPS Growth; Valuations at Five-Year Lows

In Q2 2019, the holdings in the Hamilton Global Bank ETF (ticker: HBG) reported portfolio-weighted EPS growth of 14% Y/Y[1], driven by robust U.S. banks fundamentals (~55% weight) and a diversified portfolio of global banks (~45% weight). This is the twelfth consecutive quarter of double-digit portfolio-weighted EPS growth for HBG. The strong growth was led by U.S. banks (especially mid-caps operating in southeast and southwest), India,…

Hamilton ETFs Announces Lowering of ETF Risk Ratings

  TORONTO, August 6, 2019 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) announced today that, effective on or about August 7, 2019, the risk ratings of the exchange-traded funds set out below (the “ETFs”) will be lowered as follows: ETF Current Risk Rating New Risk Rating Hamilton Global Financials Yield ETF (formerly Hamilton Capital Global Financials Yield ETF) Medium Low to Medium Hamilton Australian Financials Yield…

Hamilton Capital Partners Announces Rebranding as Hamilton ETFs

  TORONTO, August 6, 2019 – Hamilton Capital Partners Inc. is pleased to announce that it is rebranding as “Hamilton ETFs”, reflecting the firm’s commitment to the exchange-traded fund structure and the benefits that ETFs provide Canadian investors. The company will also be updating the names of its exchange-traded funds to reflect the new brand. “Starting with the launch of our first ETF in 2016, we have…

Hamilton Capital Announces Q3 2019 Monthly Distributions for HCB, HFA

TORONTO, July 24, 2019 – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the monthly cash distributions for its Hamilton Capital Canadian Bank Variable-Weight ETF (ticker “HCB”) and Hamilton Capital Australian Financials Yield ETF (ticker “HFA”), both of which trade on the Toronto Stock Exchange, for the third quarter of 2019. The ex-dividend date for each month’s distribution is indicated in the table below…

Global Exchanges, E-Brokers and Fin-Tech: Secular and Structural Growth Drivers Abound

We had the opportunity to meet the management of over a dozen global exchanges, e-brokers and fin-tech firms at a recent conference in New York. Global exchanges and e-brokers have benefitted from multiple secular, regulatory and cyclical tailwinds in recent years, which have resulted in strong growth trajectory and robust stock returns. The Hamilton Capital Global Financials Yield ETF (HFY) [1] has ~4% exposure to exchanges and e-brokers,…

Hamilton Capital Announces June 2019 Distributions

TORONTO, June 21, 2019 – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the cash distributions for its suite of financial services ETFs, all of which trade on the Toronto Stock Exchange, for the period end June 30, 2019. The ex-dividend date for these distributions is anticipated to be June 27, 2019, for all unitholders of record on June 28, 2019. The distributions will…

Insights from Nashville: Titans of Growth

We recently travelled to Nashville to meet with a small group of Tennessee-based banks, all of which operate in the state capital, and half of which are holdings in the Hamilton Capital Global Bank ETF (ticker: HBG) and the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (ticker: HFMU.U). We also had an opportunity to speak with the Nashville Area Chamber of Commerce. It was a great…

U.S. Banks: The Sun’s still shining on Mid-Caps

New York City in May means a lot of traffic, but also beautiful weather and a chance to catch up with a collection of mid-cap banks from across the U.S. in one trip. In all, we sat down with 8 executive teams, primarily from banks operating in the U.S. Sunbelt (i.e., from California to Florida), including 7 owned by the Hamilton Capital U.S. Mid-Cap Financials ETF…

U.S. Bank M&A: 8 Drivers as Described by Industry Giant, Rodgin Cohen

As financial industry specialists and readers of “Too Big to Fail” will know, Rodgin Cohen, a longtime corporate lawyer with Sullivan & Cromwell, is one of the preeminent authorities on banking and financial services M&A in the United States. So, a chance to hear his thoughts on the state of the current M&A environment, as it relates to U.S. banking, was not to be missed. The…

Election, RBA and Regulators Provide Good News for Australian Financials

The Hamilton Capital Australian Financials Yield ETF (HFA) was launched in December 2018, with a targeted yield of 6.5% or higher, paid monthly (aided by covered calls). The Australian financials have a history of long-term outperformance versus the Canadian financials with lower volatility (including during the global financial crisis). One key reason for Australian financials’ outperformance versus their Canadian counterparts is that Australia typically generates higher GDP growth…

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