Opinions
Stockchase Insights
Horizons Equal Weight Banks Index ETF
HBNK-T
WEAK BUY
Oct 16, 2023
N/A
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
BUY
For a beginner's TFSA?
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.
0
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.
Unlock Premium - Try 5i Free