Business · Markets · 3 hrs ago
Hamilton and Westcourt launch a fund combining nine ETFs
Hamilton Capital Partners and Westcourt Capital launched a new ETF in Toronto called the Westcourt Hamilton Yield Portfolio ETF.
It is a fund of funds, meaning it invests in other funds, and holds nine Hamilton covered-call ETFs.
Hamilton provides the funds, while Westcourt manages the portfolio strategy and adjusts how much the ETF allocates to each one.
Westcourt had already managed a similar portfolio for clients for about two years, but doing so for more clients was time-consuming.
Canada's ETF market is nearing $1-trillion in assets, and actively managed ETFs now hold $315-billion, more than a third of the market.
That larger market, along with better technology and streamlined regulation, is making it easier for smaller firms to bring niche investment strategies to investors.
Hamilton Capital Partners and Westcourt Capital have launched the Westcourt Hamilton Yield Portfolio ETF.
The fund combines nine Hamilton covered-call ETFs.
Westcourt manages the portfolio strategy and adjusts allocations among the nine funds.
Hamilton provides the covered-call ETFs but does not manage the overall portfolio.
The partnership turns a similar portfolio Westcourt had run for clients into an ETF.
- Who
- Hamilton Capital Partners and Westcourt Capital.
- What
- They launched the Westcourt Hamilton Yield Portfolio ETF, a fund of funds containing nine Hamilton covered-call ETFs.
- When
- Recently; the article does not state the launch date.
- Where
- Toronto, where both firms are based.
- Why
- Westcourt wanted a more efficient way to run a portfolio of several Hamilton ETFs amid growing client demand.
This story does not have two clearly opposing sides.
Westcourt began running a similar portfolio of Hamilton ETFs for clients.
Hamilton and Westcourt launched the Westcourt Hamilton Yield Portfolio ETF.
- Fund
- Westcourt Hamilton Yield Portfolio ETF (WHYP-T)
- Portfolio
- Nine Hamilton covered-call ETFs
- Hamilton assets under management
- More than $18-billion
- Westcourt's role
- Manages the overall portfolio strategy and adjusts allocations
- Firms' base
- Toronto
What people are saying
We have one of the largest and most experienced options and covered-call teams in Canada, but we don’t have active management
We started to ask, ‘Is there a better way to do this?’
Sources
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