Hamilton Capital Partners has launched the Hamilton Enhanced Canadian Financials ETF with the ticker HFIN, on the Toronto Stock Exchange.
HFIN seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the Solactive Canadian Financials Equal-Weight Index.
“We are excited to expand our innovative ETF offerings, with the launch of HFIN. With a similar structure to HCAL, Canada’s top performing Canadian bank ETF in 2021, HFIN intends to offer investors added diversification by investing in the top 12 Canadian financials including the largest banks and insurers. HFIN has an initial target yield of over 5 per cent and is designed specifically for long term investors seeking higher monthly income and enhanced growth potential from the Canadian financial services sector, which we believe is poised to continue to perform well,” says Pat Sommerville, Partner and Head of Business Development at Hamilton ETFs.
