Toronto-based Hamilton Capital Partners Inc. has filed a preliminary prospectus for two exchange-traded funds (ETF), which would be the first proprietary ETFs for the investment manager, according to a recently released ETF industry note from Montreal-based National Bank Financial Ltd.

Nevertheless, Hamilton Capital already has experience in ETFs as it acts as subadvisor to an ETF from Toronto-based First Asset Investment Management Inc., the industry note states.

The firm, which specializes in equity investments in financial services companies, is looking to launch Hamilton Capital Global Bank ETF and Hamilton Capital Higher Yielding Financials ETF.

Hamilton Capital Global Bank ETF will invest actively in global securities in the banking sector. It is expected that the ETF will include between 40 and 60 banks and other deposit-taking institutions from more than 10 countries. Exactly half of the holdings are expected to be based in Canada and the U.S. while 25% will be in Europe and 25% in other countries. However, the positions and percentages by region may change based on the portfolio advisor’s assessment of the most attractive opportunities, states Hamilton Capital Partners’ website.

Hamilton Capital Higher Yielding Financials ETF will manage a portfolio of global securities in the financial sector actively. It will be made up of between 50 and 80 issuers, which will be listed primarily on major global exchanges. The ETF may also, from time to time, invest in preferred securities. The portfolio manager may choose to hedge some or all of the ETF’s non-Canadian dollar currency exposure, according to the investment manager’s website.

The prospectus document was filed in December and indicates that Toronto-based Horizons ETFs Management (Canada) Inc. will be the fund administrator for both ETFs.