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If you’re new to the channel, we are stocktrades.ca, one of the largest Canadian investment websites with over 1.8 million visitors a year. Dan has been a self-directed investor for more than 13 years and has completed his Canadian Securities Course. Mat has an MBA and has been a self-directed investor for over twenty years. Our goal is to help investors make smarter, more confident investment decisions by providing research, strategies, case studies, and more.
In this video we'll review a very popular Canadian bank ETF in the Hamilton Enhanced Canadian Bank ETF (TSE:HCAL). HCAL uses leverage to give investors amplified exposure to Canada's 6 major banks. In turn, it can generate higher distributions than standard Canadian bank ETFs. If you're looking to generate more passive income and are comfortable with the increased risk via leverage, this can certainly be a fund to put on your radar today.
This video will go in-depth, covering HCALs top holdings, if the fee is worth it, who should be looking at it, its overall investment strategy, and much more.
7.5% Yield on a Canadian Bank ETF?! A Review of Hamilton’s HCAL ETF Chapters:
00:00 - Introduction
01:23 - What Is The Hamilton Enchanced Canadian Bank ETF (TSE:HCAL)
04:14 - What is HCAL's strategy
05:25 - How much does it cost to own HCAL
07:43- AUM, risks, and more
09:10 - The distribution and how it is paid
11:00 - What does HCAL hold?
13:30 - Some notes on the fact sheet
14:40 - How HCAL has performed
16:25 - Is the high fee worth the leverage exposure
18:51 - Should you buy HCAL?
