Harvest launches two new ETFs

February 5, 2018

Global Resource Leaders ETF and US Bank Leaders Income ETF begin trading on TSX_ February 5, 2018

Oakville, Ont.-based Harvest Portfolios Group Inc. has completed the initial offering of A-class units of Harvest Global Resource Leaders ETF, as well as A-class and U-class units of Harvest US Bank Leaders Income ETF, the firm announced on Monday.

Both funds begin trading on the Toronto Stock Exchange (TSX) today.

Harvest Global Resource Leaders ETF aims to provide unitholders with quarterly cash distributions and the opportunity for capital appreciation.

The objectives behind Harvest US Bank Leaders Income ETF is to provide unitholders with monthly cash distributions, the opportunity for capital appreciation and lower overall volatility of portfolio returns than would otherwise be experienced by owning equity securities of the issuers directly.

To attain lower volatility of portfolio returns, both ETFs will write covered call options on up to 33% of portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

“The launch of these two ETFs expands Harvest’s ETF family to eight and is in keeping with our belief in the long-term growth of capital through equity ownership,” says Michael Kovacs, president and CEO of Harvest, in a statement.

“We are excited about the opportunities in the resource sector through the direct correlation to a growing world economy, and U.S. financials with the positive growth dynamics that are presently occurring and projected to continue,” he adds

Kovacs also says in an email to Investment Executive that its Blockchain Technologies ETF — which replicates the performance of Harvest’s blockchain technologies index — will begin trading on the TSX on Wednesday.

https://www.investmentexecutive.com/news/products/harvest-launches-two-new-etfs/

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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.

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