Rob Wessel was on BNN Bloomberg yesterday to provide his insights on the Canadian banks as they report Q4 2024 earnings, which began with Bank of Nova Scotia. He also discusses valuations for the sector and the key themes for investors to watch for this quarter.
Part 1
Part 2
Hamilton ETFs — Canadian Bank & Financials ETFs
As one of Canada’s largest providers of financial sector ETFs, we would like to highlight a variety of strategies for investors looking for exposure to the Banking / Financial sector in Canada.
| TICKER | NAME | STRATEGY |
| HMAX | Hamilton Canadian Financials YIELD MAXIMIZER™ ETF | Income-first covered call strategy on Canada’s largest financials |
| HCAL | Hamilton Enhanced Canadian Bank ETF | Canada’s “Big-6” banks — modest 25% leverage |
| HFIN | Hamilton Enhanced Canadian Financials ETF | Canada’s largest financials — modest 25% leverage |
| HEB | Hamilton Canadian Bank Equal-Weight Index ETF | Low-cost, equal-weight Canada’s “Big-6” banks |
| HCA | Hamilton Canadian Bank Mean Reversion Index ETF | Mean Reversion strategy — overweight recent underperformers |
Performance
| TICKER | YIELD[1] | 1 MONTH | 3 MONTHS | 6 MONTHS | YTD | 1 YEAR | 3 YEAR* | INCEPTION* |
| HMAX | 13.70% | 6.1% | 10.1% | 17.0% | 22.0% | 28.2% | – | 11.4% |
| HCAL | 6.00% | 6.7% | 15.7% | 25.5% | 31.0% | 48.9% | 9.8% | 20.2% |
| HFIN | 4.48% | 10.0% | 19.2% | 31.0% | 42.8% | 55.1% | – | 15.2% |
| HEB | 4.15% | 5.5% | 12.7% | 20.8% | 26.0% | 39.7% | – | 20.2% |
| HCA | 4.76% | 6.0% | 13.0% | 17.5% | 19.3% | 31.9% | 7.7% | 16.8% |
As at November 29, 2024. *Annualized
Footnotes:
[1] An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on November 29, 2024. The yield calculation excludes any additional year end distributions and does not include reinvested distributions.
Certain statements contained in this post may 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.