Have a look at the new addition to my portfolio. In a challenge to the traditional focus on Canadian banks, I added the Hamilton Australian Bank Equal-Weight Index ETF (HBA) to my holdings. I'll cover:
- The logic for why I added this fund, highlighting how its inclusion enhances my portfolio's returns and stability by introducing a new sector with lower correlation to Canadian banks.
- Comparisons between Canadian and Australian banks, showing similar returns but reduced volatility with a mixed portfolio.
- Australia's strong economy and reliable banking sector
- The HBA ETF details, including its holdings, performance, and costs, making it an appealing option for global diversification.
This content was originally posted on the Beavis Wealth YouTube Channel