TORONTO, September 2, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs“) is pleased to announce the launch of the Hamilton Enhanced Utilities ETF (“HUTS” or the “ETF”). HUTS has closed the offering of its initial Class E Units and units of the ETF will begin trading on Tuesday, September 6, 2022, on the Toronto Stock Exchange (“TSX“) under the ticker symbol “HUTS”.
“HUTS, the newest addition to our popular enhanced ETF lineup, aims to provide investors with exposure to a portfolio of blue-chip, high dividend paying Canadian utility companies. Given the historically defensive nature and strong record of stable dividends of the Canadian utilities sector, we believe it has the right ingredients for a strategy utilizing modest leverage (25%) to provide investors with the potential for enhanced long-term growth and higher monthly income,” said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
HUTS seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of a rules-based utilities index, specifically, the Solactive Canadian Utility Services High Dividend Index (the “Index”). The Index goes beyond traditional utilities to provide Canadian exposure to three major segments of the utility services sector: utilities, pipelines and telecommunications.
“We are pleased to have collaborated with Solactive AG and Horizons ETFs, one of Canada’s leading independent ETF providers, on the index for HUTS and Horizons’ recently launched Horizons Canadian Utility Services High Dividend Index ETF (ticker: UTIL on the TSX), in which HUTS will invest,” said Mr. Sommerville. “This partnership between Hamilton ETFs and Horizons ETFs is the first of its kind in the Canadian ETF space and we are excited to provide investors with an enhanced version of the same investment strategy with the launch of HUTS.”
For more information on HUTS, or the Hamilton ETFs suite of enhanced and financial services ETFs, please visit: www.hamiltonetfs.com.
About Hamilton ETFs
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With $1.6 billion in assets under management, the firm offers a suite of exchange traded funds including both rules-based and active mandates. 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, trailing 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.
For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]
For media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250, [email protected]