Harvest Portfolios Group Inc., Manager of the Blockchain Technologies ETF (“HBLK”), is pleased to announce a portfolio update following the most recent quarterly reconstitution. HBLK tracks the Harvest Blockchain Technologies Index, a cross section of dedicated blockchain and large capitalization technology companies that are engaged in blockchain technologies. Over time, as the universe of dedicated blockchain companies grows the Index will have progressively higher weightings towards that segment at pre-defined stages.
“Three years since the launch of Canada’s first Blockchain Fund, we are delighted to see that this quarter the Index moved into stage 2, representing a 65% weighting towards dedicated blockchain companies across 25 North American listed securities and 35% allocated towards 10 large capitalization technology companies”. Commented Michael Kovacs, President & CEO of Harvest Portfolios Group. “The global adoption of Blockchain continues to gather momentum and the ETF is positioned to progressively benefit from that growth”.
The portfolio is rebalanced and reconstituted quarterly. The updated portfolio constituents have been posted to the Harvest Portfolios web-site and an advisor call has been set for 11:00 AM EST, details can be located at www.harvestportfolios.com.