Hamilton Capital Partners Inc. («Hamilton ETFs») is pleased to announce the launch of the Hamilton Enhanced Canadian Financials ETF («HFIN»). 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.
HFIN has closed the offering of its initial units. Units of the ETF will begin trading on Thursday, January 27, 2022 on the Toronto Stock Exchange («TSX») under the ticker symbol «HFIN».
“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 20211, 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% and is designed specifically for long term investors seeking higher monthly income and enhanced growth potential2 from the Canadian financial services sector, which we believe is poised to continue to perform well,” said Pat Sommerville, Partner and Head of Business Development at Hamilton ETFs.