Hamilton Capital Partners Inc has announced the launch of Hamilton Canadian Bank Equal-Weight Index ETF (“HEB”). The firm writes that HEB seeks to deliver attractive monthly income, while providing exposure to an equal-weight portfolio of the Big-6 Canadian banks. With a management fee of 19 basis points, the firm writes that HEB currently has the lowest management fee of any Canadian-bank focused ETF in Canada.
Hamilton ETFs has also announced a reduction in the management fee for Hamilton Canadian Bank Mean Reversion Index ETF (“HCA”).
“We are pleased to introduce HEB, Canada’s lowest-cost Canadian Bank ETF, to our line-up of financial sector ETFs. With a low management fee and monthly distributions, HEB offers investors a convenient way to get exposure to Canada’s banks, a core holding for most Canadians, while providing more frequent income than owning the banks directly,” says Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
In addition to the launch of HEB, Hamilton ETFs has also confirmed a permanent reduction in the management fee of HCA to 29 basis points.
