November 16, 2016 In the Hamilton Capital Global Bank ETF (HBG;TSX), we expect U.S. banks, over time, to represent between 35% and 50% of the fund. With expectations for a higher U.S. Fed Funds rate in the coming year, our bias is to be closer to the upper band of this range, at the expense of exposure to the Canadian banks. Within the U.S., we favour…
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2016 EBA Stress Tests Confirm Strength of Northern European Banks (and a Word on Italy)
The Hamilton Capital Global Bank ETF (HBG; TSX) is expected, over time, to hold ~25% exposure to European banks. Prominent among the ETF’s identified objectives is to generate yield and to limit volatility. As a result, in its European portfolio, HBG places a significant emphasis on Northern European countries, which are – on balance – wealthier than Canada/U.S. and have higher forecast GDP growth. Relative to…