Three top ETFs for U.S. bank exposure

Many financial stocks, and especially banks, suffered big drops in early 2023. That was after the high-profile failures of several U.S. regional banks, including Silicon Valley Bank.
Going forward, the outlook for Canadian banks is more stable than for U.S. banks. That’s due to more-conservative regulators… Read More

Q: Pat, what do you think of the Hamilton Enhanced Canadian Bank ETF (HCAL-TSX). Do you think this is a good way to invest in all the banks rather than try to find the best one(s) to buy individually?

A: Hamilton Enhanced Canadian Bank ETF, $21.63, symbol HCAL on Toronto, (Units outstanding: 18.7 million; Market cap: $404.5 million; hamiltonetfs.com) aims to track the Solactive Canadian Bank Mean Reversion Index.

This index invests in the biggest six Canadian banks—Bank of Nova Scotia, Bank of Montreal, CIBC,… Read More