Harvest Completes Rebalance of its Blockchain Technologies ETF

August 23, 2018

OAKVILLE, ONTARIO, August 23, 2018 – Harvest Portfolios Group Inc. (“Harvest”) completed the quarterly rebalance of the portfolio holdings of the Blockchain Technologies ETF (“HBLK”) on August 22, 2018.

HBLK, the largest and first Blockchain focused ETF to launch in Canada seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. The Harvest Blockchain Technologies Index has been designed to track the performance of issuers exposed to the development and implementation of blockchain technologies. The ETF invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.

The Harvest Blockchain Technologies Index is rebalanced quarterly and is composed of two segments, the Large Cap Blockchain issuer segment and the Emerging Blockchain issuer segment. Full details regarding the Harvest Blockchain Technology Index can be found on the Harvest website www.harvestportfolios.com. HBLK provides exposure to 10 core large cap technology companies engaged in blockchain such as Visa Inc., Accenture PLC and SAP SE. In the emerging segment there is currently 10 positions commanding approximately 54% of the portfolio and holds positions such as Global Blockchain Technologies Corp., Overstock.com Inc and Mogo Finance Technology Inc. As the universe of pure dedicated blockchain companies grows, the Index progressively shifts to being 100% focused on this segment.

“By replicating the Harvest Blockchain Technologies Index, HBLK systematically shifts weightings as the Emerging Blockchain segment develops while blending in large established technology companies that are dedicating resources to blockchain technologies,” said Michael Kovacs, President and CEO of Harvest. “We believe this portfolio structure is the intelligent solution to invest in the blockchain evolution.” The updated HBLK portfolio can be found on the Harvest website: www.harvestportfolios.com.

For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestportfolios.com or call toll free 1-866-998-8298.

Founded in 2009, Harvest Portfolios Group Inc. is a Canadian Investment Fund Manager which offers an innovative suite of exchange-traded funds, mutual funds and publicly-listed structured products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

You may also like…

Harvest ETFs November 2020 Distributions

OAKVILLE, ON, Nov. 20, 2020 - Harvest Portfolios Group Inc. (“Harvest”) announces the following distributions for Harvest ETF’s for the month ending November 30, 2020. The distribution will be paid on or about December 9, 2020 to unitholders of record on November 30,...

read more

Harvest ETFs October 2020 Distributions

OAKVILLE, ON, Oct. 20, 2020 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") announces the following distributions for Harvest ETF's for the month ending October 31, 2020. The distribution will be paid on or about November 9, 2020 to unitholders of record on October...

read more
Disclaimer

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Certain statements in the Harvest Blog are forward looking Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or  “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

Subscribe to our newsletter and stay informed

Join Us & Stay Informed!

* indicates required

Your Preferences   (Please select all the ways you would like to hear from)


You are a *


Confirm *