TORONTO, September 1, 2017 – Hamilton Capital Partners Inc. (“Hamilton Capital“) is pleased to announce the launch of the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (“HFMU.U“). HFMU.U seeks long-term returns in U.S. dollars, consisting of capital growth and dividends from an actively managed equity portfolio of, primarily, United States-based mid-cap (i.e., those firms with a market capitalization between US$500 million and US$20 billion) financial services companies.
Units of the ETF will begin trading on Tuesday, September 5, 2017 on the Toronto Stock Exchange (“TSX“) in U.S. dollars under the ticker symbol “HFMU.U”.
HFMU.U has closed the offering of its initial units and it will begin trading on the TSX when the market opens in the morning on Tuesday, September 5, 2017.
With an aggregate market capitalization in excess of US$2 trillion, the U.S. mid-cap financial services sector is as large as the Canadian equity markets, and includes over 500 companies. “The Hamilton Capital U.S. Mid-Cap Financials ETF (USD) offers investors targeted exposure to a dynamic part of the global financial sector. Specifically, we believe HFMU.U’s combination of U.S. mid-cap financials stand to benefit from rising rates, improving GDP, ongoing sector consolidation, and exposure to faster growing states and regions,” said Rob Wessel, Managing Partner of Hamilton Capital.
HFMU.U is anticipated to be comprised primarily of mid-cap financial services companies based in the United States. HFMU.U’s investments may however be selected from any country, capitalization level or subsector of the global financial services sector. Specifically, the portfolio may include, but is not limited to, commercial and investment banks, insurance companies, brokerages, asset managers, exchanges, real estate investment trusts and other investment companies.
HFMU.U complements Hamilton Capital’s other ETF offerings:
- the Hamilton Capital Global Bank ETF (ticker, “HBG”), which is ~15% ahead of the global bank index[1], and;
- the Hamilton Capital Global Financials Yield ETF (ticker, “HFY”), which has a dividend yield of 4.8%[2].
U.S. dollar versions of HBG and HFY are also now available on the TSX under the ticker symbols “HBG.U” and HFY.U”, respectively.
About Hamilton Capital Partners Inc. (www.hamilton-capital.com)
Hamilton Capital is an investment manager headquartered in Toronto. Specializing in global financial services, its team of professionals has approximately 50 years of experience. The firm employs a specialized investment process, augmented by proprietary research, analysis, and analytical tools to manage its portfolio of investment products. Hamilton Capital is an active commentator on the global financial services sector. The firm’s most recent comments and Insights can be found at www.hamilton-capital.com.
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 Capital 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 further information: Patrick Sommerville, Partner, Managing Director of Business Development, Hamilton Capital Partners Inc., 416-941-9250, psommerville@hamilton-capital.com
[1] The KBW Nasdaq Global Bank Index (Ticker: GBKXN) in Canadian dollars as of July 31, 2017.
[2] As of August 30, 2017.