TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce that Nick Piquard will join the firm in the role of Chief Options Strategist, effective Monday, June 5, 2023.
Nick brings with him over 25 years of experience specializing in quantitative and options strategies including most recently over a decade as a Portfolio Manager and Options Strategist with one of Canada’s largest ETF providers, where he oversaw the day-to-day options activities of their covered call products. Nick has a Bachelor of Mathematics from the University of Waterloo and holds the Chartered Financial Analyst (CFA) designation.
“We are very excited to have someone of Nick’s experience and character join Hamilton ETFs. Nick is well-known as one of the top covered call portfolio managers in Canada. Monthly cash flow continues to be of significant importance to many Canadian investors, and we are thrilled to welcome Nick, who will be instrumental in overseeing the management of our popular and growing suite of covered call ETFs,” said Patrick Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
Hamilton ETFs is one of the largest covered call ETF providers in Canada, currently offering three covered call ETFs providing attractive monthly income with combined assets of $1.1 billion(1). In June, Hamilton ETFs expects to launch its fourth covered call ETF, the Hamilton Utilities Yield Maximizer ETF (UMAX), on the Toronto Stock Exchange.
Ticker
|
ETF Name |
Inception
|
AUM(1) |
HDIV |
Hamilton Enhanced Multi-Sector Covered Call ETF |
July 19, 2021 |
$346 million |
HYLD |
Hamilton Enhanced U.S. Covered Call ETF |
February 4, 2022 |
$462 million |
HMAX |
Hamilton Canadian Financials Yield Maximizer ETF |
January 20, 2023 |
$328 million |
UMAX |
Hamilton Utilities Yield Maximizer ETF |
Anticipated to be launched in June 2023(2) |
n/a |
- As of May 31, 2023.
- Launch is subject to completion of the final filing of the prospectus of UMAX and the receipt of all required regulatory approvals.
Termination of Sub-Advisory Agreement - HMAX
Since HMAX’s inception on January 23, 2023, its covered call overlay has been sub-advised by Horizons ETFs Management (Canada) Inc., (“Horizons”). Hamilton ETFs has provided notice of termination of the related sub-advisory agreement and Horizons will therefore cease to sub-advise HMAX’s option strategy at the close of business on or about August 31, 2023 (the “Sub-Advisor Change”). At such time, Hamilton ETFs will manage the option strategy in accordance with HMAX’s investment objective. HMAX’s investment objectives and strategy remain unchanged. An amendment to HMAX’s prospectus, reflecting the Sub-Advisor Change, will be completed in accordance with applicable securities requirements.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With over $2.4 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchanged traded fund (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; and the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
