In January 2019 Harvest launched an Index product that would track the performance of the top 20 global Gold producers by market capitalization. HGGG is an adjunct to the Harvest Investment Philosophy, which is to own quality long running businesses.
Historical Index Performance amid Consolidating Gold Price
Source: Bloomberg, July 31, 2020
- Established Gold-mining stocks provide greater leverage than investing in gold bullion. This is because as the price of gold rises, the profit margins of gold mining companies increase which can boost earnings exponentially.
- HGGG is equally weighted and global, two factors that have helped with performance versus competitors
- Low Management Fee at 0.4% and is equally weighted across 20 of the largest gold producing companies, reducing the market cap effect seen in many other gold ETF’s
Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). Please read the relevant prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made with guidance from a qualified professional. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund’s, Harvest and the Manager of the Fund’s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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