Hamilton Capital Partners Inc has announced the launch of the Hamilton Enhanced Utilities ETF (HUTS). HUTS has closed the offering of its initial Class E Units and units of the ETF will begin trading on Tuesday, September 6, 2022, on the Toronto Stock Exchange (“TSX”) under the ticker symbol “HUTS”.
Hamilton Capital Partners Inc has announced the launch of the Hamilton Enhanced Utilities ETF (HUTS). HUTS has closed the offering of its initial Class E Units and units of the ETF will begin trading on Tuesday, September 6, 2022, on the Toronto Stock Exchange (“TSX”) under the ticker symbol “HUTS”.
“HUTS, the newest addition to our popular enhanced ETF line-up, aims to provide investors with exposure to a portfolio of blue-chip, high dividend paying Canadian utility companies. Given the historically defensive nature and strong record of stable dividends of the Canadian utilities sector, we believe it has the right ingredients for a strategy utilizing modest leverage (25%) to provide investors with the potential for enhanced long-term growth and higher monthly income,” says Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
HUTS seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of a rules-based utilities index, specifically, the Solactive Canadian Utility Services High Dividend Index. The Index goes beyond traditional utilities to provide Canadian exposure to three major segments of the utility services sector: utilities, pipelines and telecommunications.
“We are pleased to have collaborated with Solactive AG and Horizons ETFs, one of Canada’s leading independent ETF providers, on the index for HUTS and Horizons’ recently launched Horizons Canadian Utility Services High Dividend Index ETF (ticker: UTIL on the TSX), in which HUTS will invest,” says Sommerville. “This partnership between Hamilton ETFs and Horizons ETFs is the first of its kind in the Canadian ETF space and we are excited to provide investors with an enhanced version of the same investment strategy with the launch of HUTS.”
