TORONTO, Feb. 6, 2017 /CNW/ - Hamilton Capital Partners Inc. ("Hamilton Capital") is pleased to announce the launch of the Hamilton Capital Global Financials Yield ETF ("HFY"). HFY seeks long-term total returns consisting of regular dividend and distribution income with long-term capital appreciation from an actively managed portfolio of equity securities of financial services companies located anywhere around the globe.
Units of the ETF will begin trading on Tuesday, February 7, 2017 on the Toronto Stock Exchange ("TSX") in Canadian dollars under the ticker symbol "HFY".
HFY 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, February 7, 2017.
The market capitalization of the global financial sector is many times greater than that of the Canadian equity markets. "Canadian yield-oriented investors are limited by a comparatively small, concentrated, and highly correlated domestic financial services sector. By investing in the global financial sector, the investment universe expands to include thousands of companies, including over 400 financials with dividend yields above 5%", said Rob Wessel, Managing Partner, Hamilton Capital. "The Hamilton Capital Global Financials Yield ETF seeks to provide investors with consistent quarterly distributions with positive leverage to rising rates. Managed by our large and 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.
HFY is anticipated to hold between 50-80 dividend-paying stocks in the financial services sector, including but not limited to, commercial and investment banks, insurance companies, brokerages, asset managers, exchanges, real estate investment trusts and other investment companies. Furthermore, HFY will provide geographic exposure to more than 10 countries, as it seeks to balance income with the potential for investment gains from the most attractive themes 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 global financial services, its team of professionals has over 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 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.
SOURCE Hamilton Capital Partners Inc.
For further information: Patrick Sommerville, Managing Director, Business Development, Hamilton Capital Partners Inc., 416-941-9250, [email protected]