Hamilton ETFs has launched a new ETF called the Hamilton Canadian Bank Equal-Weight Index ETF (HEB), which aims to provide investors with exposure to an equal-weight portfolio of the Big-6 Canadian banks and deliver attractive monthly income. With a management fee of 19 basis points, HEB currently has the lowest management fee of any Canadian-bank focused ETF in Canada. The offering of its initial Class E units has closed and the units of HEB will begin trading on the Toronto Stock Exchange under the ticker symbol “HEB” on April 4, 2023.
ETF Newz Says:
Hamilton ETFs has also announced a permanent reduction in the management fee of the Hamilton Canadian Bank Mean Reversion Index ETF (HCA) to 29 basis points.