Harvest Portfolios introduces gold ETF

January 15, 2019

Harvest Global Gold Giants Index ETF invests in large gold-mining issuers

By: IE Staff.  January 15, 2019

Oakville, Ont.-based Harvest Portfolios Group Inc. has completed an initial offering of Class A Units of the Harvest Global Gold Giants Index ETF, which will begin trading on the Toronto Stock Exchange Tuesday under the ticker symbol HGGG, the investment manager has announced.

The ETF invests primarily in large gold-mining issuers that are listed on a regulated stock exchange in North America, Australia or certain European countries.

“As we move into late innings in a strong U.S. economy and hot U.S. growth, opportunities may arise to be more defensive in one’s investment portfolio,” Michael Kovacs, president and CEO of Harvest, says in a statement.

“We have been watching the gold market for some time, especially gold market shares. They have been in a bear market since 2012 which is why we see considerable value in them now. HGGG will invest in the largest global gold producers to benefit from margin expansion as gold prices increase. We believe these companies are profitable at current gold prices and have a positive earnings and price correlation as the metal rises in value. HGGG allows an investor to diversify across top industry names and reduce single stock risk that has become more evident in recent markets.”

The ETF tracks the Solactive Global Gold Giants Index from Frankfurt-based index provider Solactive.

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
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 *