He owns this as well as the XLF-N, Goldman Sachs and other stocks in the US financial space, which has fallen from a growth to a value space. It's curious why this space hasn't performed so far this year. There's a lot of pent-up valuation in these names. Sit tight and hold.
(A Top Pick Oct 6/16. Up 23%.) This bank ETF was interesting to him because it was actively managed, Cdn$ denominated and with mostly foreign exposure.
A Cdn$ denominated ETF holding about 50 banks in about 17 different countries. About 25% exposure to the Northern European banks, and 40% to the US banks. The real key is the money manager, Rob Wessel, who has 20 years in the business. The valuation of the European banks is incredibly low. They are also buying some banks in India and Australia.
Hamilton Capital Global Bank ETF is a Canadian stock, trading under the symbol HBG-T on the Toronto Stock Exchange (HBG-CT). It is usually referred to as TSX:HBG or HBG-T
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Hamilton Capital Global Bank ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Hamilton Capital Global Bank ETF.
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On , Hamilton Capital Global Bank ETF (HBG-T) stock closed at a price of $.