Humilis Investments' Brian Belski launches HIS, a new ETF
Speakers
Brian Belski
— Chief Investment Strategist, BMO Capital Markets
Summary
Brian Belski launches his new ETF HIS on CNBC's Halftime Report, explaining its concentrated large-cap strategy to beat the S&P 500. He highlights specific holdings like Costco, Delta, Marriott, and an overweight in utilities, while noting the portfolio holds no Magnificent Seven stocks.
- Brian Belski introduces HIS, a new ETF from Humilis Investment Strategies.
- The ETF holds 45 to 50 large-cap U.S. stocks selected via top-down models.
- The portfolio is overweight utilities and underweight the Magnificent Seven.
- Belski names Costco as the only consumer staples stock the firm likes.
- Delta is described as the best overall airline pick in the portfolio.
- Marriott is chosen for its brand and operations in consumer discretionary.
- The expense ratio of HIS is 54 basis points.
- Belski confirms the portfolio reflects a bullish overall market view.
Trade Ideas
HIS ETF beats S&P 500 with concentrated picks
HIS is a concentrated large-cap US equity ETF designed to beat the S&P 500. It holds 45-50 stocks selected using top-down models of valuation, earnings growth, operating performance, and sector technicals. The portfolio is built to be diversified across sectors but overweight in attractive areas, currently including utilities, and is bullish overall.
Costco is the best consumer staples pick
Costco is the only name the firm likes in consumer staples, indicating it stands out as a superior holding in an otherwise unattractive sector.
Overweight utilities currently
The firm is currently overweight utilities, implying a bullish view on the sector relative to the benchmark.
Delta is the best airline overall
Delta is considered the best airline overall, making it the preferred pick in the airline industry.
Marriott is a strong consumer discretionary play
Marriott is a consumer discretionary play because the firm loves the brand and the way the company operates, making it a key holding to gain exposure to the sector while avoiding tracking error from Tesla and Amazon.
