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Horizons Equal Weight Banks Index ETF (HBNK-T)
TSE:HBNK
21.49
0.20
(0.94%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
The experts are generally positive about HBNK-T, highlighting its fee waiver, equal weight approach, and the attractive valuation of the banking sector. They also caution investors to consider their existing bank exposure in other index funds before making a decision.
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HBNK has only been around for a few months, but we have no issues with its set up or securites. We like the equal weight approach and the banking sector is very cheap right now, as it prices in high rates and a possible recession. There are always risks, but for diversified exposure we think it is buyable. It has $168M in assets and indicated yield is 5.69%. The fee rebate is a bit of a marketing thing but still nice to have.
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Pretty much the same makeup as ZEB, with the 6 largest Canadian banks at equal weight, but offering 0% management fees until next summer. Likes the Canadian banks, decent growth rate. Canadian banks have cheap valuations, especially on price to book. Not as exciting as tech or cyclical names, but you'll get more of a stable ride.
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Horizons Equal Weight Banks Index ETF(HBNK-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Horizons Equal Weight Banks Index ETF(HBNK-T) Frequently Asked Questions
What is Horizons Equal Weight Banks Index ETF stock symbol?
Horizons Equal Weight Banks Index ETF is a Canadian stock, trading under the symbol HBNK-T on the Toronto Stock Exchange (HBNK-CT). It is usually referred to as TSX:HBNK or HBNK-T
Is Horizons Equal Weight Banks Index ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about HBNK-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Horizons Equal Weight Banks Index ETF.
Is Horizons Equal Weight Banks Index ETF a good investment or a top pick?
Horizons Equal Weight Banks Index ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Horizons Equal Weight Banks Index ETF.
Why is Horizons Equal Weight Banks Index ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Horizons Equal Weight Banks Index ETF worth watching?
In the last year, there was no coverage of Horizons Equal Weight Banks Index ETF published on Stockchase.
What is Horizons Equal Weight Banks Index ETF stock price?
On 2024-05-08, Horizons Equal Weight Banks Index ETF (HBNK-T) stock closed at a price of $21.49.
Only the big 6, nothing simpler. If you're considering starting a new position, has a fee waiver for the next little bit. Cheaper than ZEB.
Before jumping in, consider how much bank exposure you may already have in your other index funds.