Insights & Commentary

Canadian Banks: Opportunities and Risks in 2023

The Canadian banks had a very tough 2022 falling 8.9% – just the 5th decline in the last 20 years, which includes financial crisis years of 2007 and 2008[1] (the sector even rose 3.8% in 2020, despite COVID). The main reason for the decline last year was falling price-to-earnings multiples caused by the market’s concern that global central banks could cause a recession by aggressively raising…

Hamilton ETFs Announces Unitholder Meeting for Proposed Objective Change for Hamilton Enhanced Canadian Bank ETF

Toronto, Ontario – January 13, 2023 – Hamilton Capital Partners Inc. (“Hamilton ETFs” or the “Manager”) announced today a proposal to change the investment objective (the “Proposed Change”) of Hamilton Enhanced Canadian Bank ETF (TSX: HCAL) (the “ETF”). Hamilton ETFs is the trustee, manager and portfolio advisor of the ETF. The Proposed Change is as follows: Current Investment Objective Proposed New Investment Objective The investment objective…

U.S. Financials: Mid-Caps Look Attractive, Despite Clouds (4 Reasons to Invest)

The U.S. mid-cap financials held up very well in 2022, in what was a very difficult year for the global financials. Risks that had not been seen for decades – like inflation – have returned, and the market’s fears that rising central bank rates could trigger a recession remain high. This has resulted in significant compression in price-to-earnings multiples as the market anticipates clouds ahead. Yet,…

HBA – Top Performing Financials ETF in Canada (and 5 Reasons to Invest)

In 2022, our blue-chip Hamilton Australian Banks Equal Weight Index ETF (HBA) outperformed its 38 competitor financials ETFs, by rising ~1%, making it the top performing financials ETF in Canada – foreign or domestic[1]. This is the second year in a row that Hamilton ETFs had the top performing financials ETF in Canada[2]. In fact, HBA – which has a yield of 5.8% – was the…

HYLD – Adding JEPQ, Selling TXF for Higher Yield, Added Diversification, Lower Fees    

For HDIV and HYLD, we aim to create higher income ETF versions of the S&P/TSX 60 and S&P 500, respectively. Investors in HYLD will recall we recently swapped HBF for JEPI (see HYLD – Adding JEPI, Selling HBF for Higher Yield, Added Diversification, Lower Fees for additional information). Today’s insight discusses our next meaningful adjustment to HYLD’s portfolio, and why we believe it will help better…

HUM – Top Performing U.S. Financials ETF – Again

Our Hamilton U.S. Small/Mid-Cap Financials ETF (HUM, HUM.U) was the top performing U.S. financials ETF in Canada – again[1]. HUM has now outperformed its competitor ETFs over the following periods: since inception[2], in the last two years, full year 2021, and full year 2022. In 2021, it was the top performing financials ETF in Canada – foreign or domestic[3]. In the last two years – which…

HFT – Top Performing Fintech ETF by Wide Margin

With its focus on blue-chip firms, the Hamilton Financials Innovation ETF (HFT) outperformed all fintech ETFs in the last two years, including those offered by “high profile” U.S. providers/managers. When it was launched, we explained that HFT would differentiate itself versus its competitors by focusing on “blue-chip” firms focused on financial innovation with higher growth, which were (i) profitable, (ii) had established business models, and importantly…

HFG – Top Performing Global Financials ETF in Canada

Our Hamilton Global Financials ETF (HFG) was the top performing ETF in its category in 2022 and outperformed its domestic competitors and the iShares Global Financials ETF (IXG) over the last two years. During that period, HFG generated a total return of 17.5%, beating every competitor ETF by at least 2.8%[1]. Importantly, not only did HFG outperform its competitor global financials ETFs and the index in…

Canadian Banks: Three Things to Watch in Q4

Even with the strong November, Canadian bank stocks are down ~15% peak-to-trough, reflecting the market’s concern of a possible global recession caused by central banks aggressively raising interest rates with the goal of taming inflation. At the same time, central bankers are also engaging in the relatively new policy of quantitative tightening (the effect of which cannot be quantified). The decline in Canadian bank share prices…

HDIV – Adding HFIN, Selling FLI to Increase Cdn Banks, Remove U.S. Lifecos, Significantly Reduce Fees

As investors in Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) and Hamilton Enhanced U.S. Covered Call ETF (HYLD, HYLD.U) know, we aim to create higher income ETF versions of the S&P/TSX 60 and S&P 500, respectively by investing in various covered call strategies. Today’s insight discusses the recent changes to HDIV’s portfolio, and why we believe they will help better achieve HDIV’s investment objective of providing…

HYLD – Adding JEPI, Selling HBF for Higher Yield, Added Diversification, Lower Fees

As investors in HDIV and HYLD know, we aim to create higher income ETF versions of the S&P/TSX 60 and S&P 500, respectively by investing in various covered call strategies. Today’s insight discusses the recent changes to HYLD’s portfolio, and why we believe they will help better achieve HYLD’s investment objective of providing attractive monthly income and the opportunity for long-term capital appreciation. Adding JPMorgan Equity…

Market Outlook with Ed Yardeni

On October 13, 2022, we hosted a Market Outlook with Ed Yardeni, moderated by Rob Wessel, in which the prominent Wall Street strategist provided his outlook on U.S. and global equity markets, preferred sectors, the current geopolitical environment, and the implications of changing fiscal/monetary policy. Please register below to access the replay (58 min). Disclaimer: Commissions, management fees and expenses all may be associated with an investment…

    Stay Informed!

    We are Canada's leading specialists in the financials sector.
    Subscribe to get notified of our latest insights, updates and upcoming events.