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Have a look at the new addition to my portfolio. In a difficulty to the standard focus on Canadian banks, I included the Hamilton Australian Bank Equal-Weight Index ETF (HBA) to my holdings.
I'll cover:
The reasoning for why I added this fund, highlighting how its inclusion boosts my portfolio's returns and stability by introducing a brand-new sector with lower connection to Canadian banks.
– Contrasts between Canadian and Australian banks, showing comparable returns however lowered volatility with a blended portfolio.
– Australia's strong economy and trustworthy banking sector
– The HBA ETF information, including its holdings, efficiency, and costs, making it an enticing alternative for global diversification.
Hamilton ETFs Disclaimer:
Hamilton ETFs Disclaimer: A prospectus including important details connecting to these securities has actually been filed with the securities commissions or comparable authorities in certain jurisdictions of Canada. Copies of the prospectus may be gotten from info@hamiltonetfs.com, www.hamiltonetfs.com or on the SEDAR+ website (www.sedarplus.ca). Commissions, management costs and expenses all may be related to financial investments in exchange traded funds (ETFs) handled by Hamilton ETFs. Please read the prospectus before investing. The indicated rates of return are the historical yearly compounded total returns including changes in per system worth and reinvestment of all dividends or distributions and does not take into account sales, redemptions, distribution or optional charges or income taxes payable by any securityholder that would have minimized returns. Only the returns for durations of one year or higher are annualized returns. ETFs are not guaranteed, their worths alter often and past efficiency might not be duplicated.
Historic efficiency of indices and hypothetical portfolios is for info and illustrative purposes just and is not a sign of the future returns of any ETF. Returns of Solactive indices do not represent any ETF's returns. As a result of the risks and restrictions fundamental in hypothetical efficiency information, hypothetical results might vary from real efficiency. It is not indicated to forecast, indicate or guarantee the future performance of any specific investment or index, which will differ. The Solactive and theoretical efficiency information for each index and portfolio presumes no management fees, costs or optional charges connected to ownership of a mutual fund replicating the index, which would minimize returns. The historical efficiency of the Solactive indices do include the reinvestment of all distributions. The Solactive indices are not straight investable. For extra info concerning the Solactive indices, including the suitable index method, see the Solactive site (www.solactive.com). The Solactive Australian Bank Equal-Weight Index TR (SOLBAEWT) is comprised of equivalent weightings of Australia's "Big 5" banks. The "Canadian Banks" or "Big-5" is consisted of equal-weightings of Canada's five biggest banks by market capitalization.
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Can we hold TFSA? Or RRSP?
For sure. Both.
@@beaviswealth just to clarify. If I hold HBA in my TFSA, there is no tax withholding from Australia or the US, right?
@@danyk88only a n rrsp, Tfsa you get taxes withheld
If it is listed on the TSX, then there’s no withholding tax. @@danyk88
@@foralex100No sir. If it’s listed on the TSX, there’s no withholding tax. It’s irrelevant if the underlying assets are foreign.
Can I please ask if this is a sponsored by HBA and will you still receive dividend tax credit in non registered account. Thanks.
My guess is that dividend tax credits would not apply as the Aussie banks are not eligible Canadian corporations. Likewise the dividends would not be grossed up for a higher taxable amount than the actual cash received like Canadian dividends are.
Most likely sponsored
@@alexwong8851 It is sponsored, it says “Includes paid promotion” at the top left corner of the video.
This is in TSX.
It isn’t easy to know how unbiased this recommendation is; maybe he was sponsored to roll out this review. It would be good if he had a disclosure at the beginning.
Another sponsored video. I just checked and the management fee for this fund is 0.55% which is quite high.
He did say that in the video 9:00
Can you recommend a banking etf with at least a 10 year history?
ZEB
Thanks for the new advert Marc. its a solid choice… but still a sponsor… hard to see you sell out, but at least its a good investment overall.
The Hamilton Channel
Quite clearly sponsored. Don’t trust people who dont disclose that. 0.55% MER expensive.
He did disclose that. 9 minutes or so.
No offence but it’s hard to take advice on a product from a company that sponsors the channel.
MER 0.55% is relatively high, and the daily volume is nominal ( Today traded 142 units for example), without getting sponsored I did not expect this sort of ETF from you. Sorry for being a critic.
I’ve been a big fan of this channel for the last few years. Unfortunately, and I apologize for being a cynic, in the last year or so Marc and Brandon have taken on several sponsors. I find myself questioning their true support and commitment or the products they are advertising.
I remember seeing this Australian ETF; or one like it… their banks are like our banks-kind of an oligopoly…your arguments are convincing…plus, I was in Australia for 6 months and had an account at ANZ, so, kinda nostaligic! Thus the logic of my investment decisions….
hmm, look at HBA vs HMAX…
Any thoughts on Manulife Stock ?
definitely sponsored. how people “at the end of their investing career” offer that type of advises?
Yuppp
That graph looks like they are pretty correlated to me lol
Seriously Wherr is this channel heading ?
The etf will not generate dividend tax credit and therefore erases any advantage of owning it over Canadian bank etf with lower MER !
I’ve had majority of my holdings in tech stocks and I’ve done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
Mer is too high imo..