Q: Good day,
What are your thoughts on HBNK right now?? Thinking TFSA? Fee rebate until July 2024, then 0.09% thereafter? Thanks for the great service.
What are your thoughts on HBNK right now?? Thinking TFSA? Fee rebate until July 2024, then 0.09% thereafter? Thanks for the great service.
5i Research Answer:
HBNK has only been around for a few months, but we have no issues with its set up or securites. We like the equal weight approach and the banking sector is very cheap right now, as it prices in high rates and a possible recession. There are always risks, but for diversified exposure we think it is buyable. It has $168M in assets and indicated yield is 5.69%. The fee rebate is a bit of a marketing thing but still nice to have.