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Hamilton Capital Partners launches Hamilton Capital Global Bank ETF

Fasken
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Overview

Client

Hamilton Capital Partners Inc.

On January 22, 2016, Hamilton Capital Partners Inc. (“Hamilton Capital”) announced the launch of the Hamilton Capital Global Bank ETF (“HBG”), which began trading on the Toronto Stock Exchange on January 25, 2016. Canada’s first global bank ETF, HBG seeks long-term total returns consisting of long-term capital appreciation and regular dividend income from an actively managed portfolio comprised primarily of equity securities of banks and other deposit-taking institutions located anywhere around the globe. HBG seeks to provide investors with increased and diversified exposure to sound, well capitalized banks with stable dividend income around the globe. Managed by an experienced team of sector specialists, HBG strives for enhanced diversification by geographic region, while focusing on countries with superior economic performance to reduce risk. HBG is anticipated to hold between 40-60 global bank stocks, with a diversified geographic mix including approximately 50% North America, 25% Europe and 25% other countries. In addition, HBG will provide exposure to more than 10 countries, as it seeks to take advantage of the most attractive themes in global banking, as identified by Hamilton Capital's portfolio management team. Hamilton Capital Partners Inc. was advised by a team of Fasken Martineau lawyers led by Garth Foster and including Munier Saloojee, Noel Chow and Mitch Thaw.

Team

  • Garth J. Foster, Partner, Toronto, ON, +1 416 868 3422, gfoster@fasken.com
  • Munier M. Saloojee, Partner, Toronto, ON, +1 416 865 4514, msaloojee@fasken.com