TORONTO, Jan. 22, 2016 /CNW/ - Hamilton Capital Partners Inc. ("Hamilton Capital") is pleased to announce the launch of the Hamilton Capital Global Bank ETF ("HBG"), Canada's first global bank ETF. HBG seeks long-term total returns consisting of long-term capital appreciation and regular dividend income from an actively managed portfolio comprised primarily of equity securities of banks and other deposit-taking institutions located anywhere around the globe.
Units of the ETF will begin trading on Monday January 25, 2016 on the Toronto Stock Exchange ("TSX") in Canadian dollars under the ticker symbol "HBG".
HBG has closed the offering of its initial units which will begin trading on the TSX when the market opens in the morning on Monday January 25, 2016.
The global banking sector is extremely large, with a market capitalization many times greater than that of the Canadian equity markets. "Canadian investors are limited by a comparatively small, concentrated, and highly correlated domestic financial services sector that is significantly impacted by the economic performance of one country", said Rob Wessel, Managing Partner at Hamilton Capital. "The Hamilton Capital Global Bank ETF seeks to provide investors with increased and diversified exposure to sound, well capitalized banks with stable dividend income around the globe. Managed by our experienced team of sector specialists, the ETF strives for enhanced diversification by geographic region, while focusing on countries with superior economic performance to reduce risk."
HBG is anticipated to hold between 40-60 global bank stocks, with a diversified geographic mix including approximately 50% North America, 25% Europe and 25% other countries. Furthermore, HBG will provide exposure to more than 10 countries, as it seeks to take advantage of the most attractive themes in global banking, as identified by Hamilton Capital's portfolio management team.
About Hamilton Capital Partners Inc. (www.hamilton-capital.com)
Hamilton Capital is an investment manager headquartered in Toronto. Specializing in the global financial services sector, its team of professionals has nearly 50 years of experience combined in the financial services sector. The firm employees a specialized investment process, augmented by proprietary research, analysis, and analytical tools to manage its portfolio of investment products. Hamilton Capital is also an active commentator on the global financial services sector. The firm's most recent thoughts can be found in the Insights section of its website, 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.
SOURCE Hamilton Capital Partners Inc.
For further information: Patrick Sommerville, Managing Director, Business Development, Hamilton Capital Partners Inc., 416-941-9250, [email protected]