OAKVILLE, ON, Jan. 14, 2021 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A Units and Class U Units of the Harvest Travel & Leisure Index ETF pursuant to a prospectus dated January 7, 2021, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Travel & Leisure Index ETF will commence trading on the TSX today under the following ticker symbol: TRVL:TSX and Class U Units of the Harvest Travel & Leisure Index ETF will commence trading on the TSX today under the following ticker symbol: TRVL.U:TSX. As Canada’s first travel & leisure index ETF, this innovative ETF is designed to provide Canadian investors access to the diversified travel and leisure sector.
The Harvest Travel & Leisure Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Travel & Leisure Index. The Harvest Travel & Leisure Index ETF primarily invests in large capitalization issuers that own or operate travel related businesses and are listed on a regulated stock exchange in North America.
“TRVL is another first for Harvest in Canada and will provide investors with access to some of the most prominent Travel and Leisure companies in the world” said Michael Kovacs, President and CEO of Harvest. “TRVL provides a low cost portfolio that stands to benefit from a rebound in international travel as the global economy recovers, as well as a demographic trend that was well established prior to the recent Industry shut downs.”
