-
Evolve European Banks Enhanced Yield ETF (EBNK $16.52)
-
Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.48)
-
Hamilton U.S. Financials YIELD MAXIMIZER TM ETF (FMAX $17.44)
Q: My financials consist of JPM purchased during the Covid crash for a 3.5% position { currently risen to 11.82% } which I'm considering reducing and IFC a 2.91 % position which I am considering eliminating as it has been on a slow steady slide .... So I am considering adding a bank ETF . The question is where ? Canada , the U.S., or Europe ..... The candidates are three enhanced yield covered call ETF's ..... EBNK, HMAX, and FMAX ..... Could 5i give me the annualized return { including dividends } for each for the last three years { I realize FMAX has only been around for 2 years } ? .... And also which of the three locations 5i believes is the best place to put finance investments going forward ? { and why ? } using these 3 ETF's as the options available ? ..... { This will all be inside a RRIF } ...... Thanks for your terrific service ......
5i Research Answer:
Over 3 years, annualized total returns are 32% for EBNK and 15.7% for HMAX.
Over two years, annualized total returns are 46% for EBNK, 15% for FMAX and 24.8% for HMAX.
With US financial exposure already, we think FMAX is easy to rule out, out of the three. While EBNK has done quite well, we would probably side with the stability of Canadian banks in the form of HMAX.