Harvest was named a Top Growing Company after posting verified revenue growth of 132% over the past 3-years. Harvest’s assets under management have grown from below $1 billion at the end of 2020 to $2.6 billion at the end of August 2022.
Harvest President & CEO Michael Kovacs attributed this growth and success to Harvest’s straightforward investment philosophy.
“It’s about keeping it simple, focusing on long-term growth, on great businesses, great companies and holding on to them for the long term,” Kovacs said in an interview with the Globe & Mail Report on Business.
Harvest was founded in 2009 by Michael Kovacs, who believed that his straightforward vision for investing could help Canadians grow their portfolios over the long-term. The firm launched its first ETFs in 2016 and its ETF business has driven much of its recent growth.
Harvest has built a strong reputation for its equity income ETFs, which generate high monthly cashflow for unitholders through the application of an active & flexible covered call strategy. In 2022 its largest ETF, the Harvest Healthcare Leaders Income ETF (HHL:TSX) crossed $1 billion in AUM.
It has innovated new products in the past year as well, such as the combined-strategy Harvest Diversified Monthly Income ETF (HDIF), the Harvest Canadian Equity Income Leaders ETF (HLIF) and the Harvest ESG Equity Income Index ETF (HESG).
“We are very proud to be named one of Canada’s Top Growing Companies,” said Kovacs. “It represents more than just our recent success, it recognizes over a decade of hard work and commitment that brought us to this point. Now, we are excited for what our future holds.”
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $2.6 billion in assets for Canadian Investors. At Harvest ETFs, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest ETFs offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund 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.
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