Hamilton Capital Partners has launched the Hamilton Capital US Mid-Cap Financials ETF (USD) (HFMU.U), which seeks long-term returns in US dollars, consisting of capital growth and dividends from an actively managed equity portfolio of, primarily, United States-based mid-cap financial services companies.
HFMU.U has closed the offering of its initial units and it will begin trading in US dollars on the Toronto Stock Exchange (TSX) on Tuesday, 5 September, 2017.
With an aggregate market capitalisation in excess of USD2 trillion, the US mid-cap financial services sector is as large as the Canadian equity markets, and includes over 500 companies.
“The Hamilton Capital US 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 US mid-cap financials stand to benefit from rising rates, improving GDP, ongoing sector consolidation, and exposure to faster growing states and regions,” says 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.