Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton Enhanced U.S. Covered Call ETF ("HYLD"). HYLD seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the Solactive U.S. Covered Call ETFs Index.
HYLD has closed the offering of its initial CDN$ Hedged Units and US$ Unhedged Units. The Units of the ETF will begin trading on Tuesday, February 8, 2022 on the Toronto Stock Exchange ("TSX"), with the CDN$ Hedged Units trading under the ticker symbol "HYLD" and the US$ Hedged Units trading under the ticker symbol “HYLD.U”.
“Following on the success of HDIV, our popular Canadian-focused Hamilton Enhanced Multi-Sector Covered Call ETF, theHamilton Enhanced U.S. Covered Call ETF (HYLD) aims to offer investors attractive monthly income (targeting an initial yield of 10%), but with exposure to the U.S. equity markets. Offered in both CAD and USD, HYLD specifically will invest in a portfolio of higher-yielding U.S.-focused covered call ETFs, while adding modest leverage of 25% to enhance growth potential and yield. Similar to HDIV, we believe that HYLD can be a core holding for long-term investors, and a significantly higher-yielding alternative to broad-based U.S. equity ETFs,” said Pat Sommerville, Partner and Head of Business Development at Hamilton ETFs.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1.3 billion in asset under management, the firm offers a suite of exchange traded funds including both rules-based and active mandates. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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