Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Based on the reviews from experts, it seems that HBNK-T is a promising option for investment, especially for those looking for exposure to the banking sector. The fee waiver and equal weight approach are attractive features, and the stock is seen as buyable for diversified exposure. The Canadian banks, with their cheap valuations and stable growth rate, offer a more stable ride compared to other sectors. However, potential investors should consider their existing bank exposure in other index funds before making a decision.

Consensus
Buyable
Valuation
Fair Value
Similar
ZEB-T, Horizons Enhanced Income Equity ETF
BUY

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.

0
WEAK BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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0
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. 


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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

Stockchase rating for Horizons Equal Weight Banks Index ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 2024-02-29, Horizons Equal Weight Banks Index ETF (HBNK-T) stock closed at a price of $20.85.