Published by Harvest ETFS
Investing in infrastructure and
In good times or bad, we all use highways, need to heat our homes and expect our taps to provide clean water. Infrastructure and utilities are the behind-the-scenes systems that do that. They are the sorts of things that we only notice when they go missing.
Because of the size and cost of the projects, most utilities are
Harvest ETFs launched the Harvest Equal Weight Global Utilities Income ETF (TSX: HUTL
The fund is invested in an equally weighted portfolio of 30 of the largest global companies in the utilities, telecommunication services an oil and gas storage & transportation sub-sectors. This includes solar, wind farm and other renewable energy production. The portfolio has 55% of its assets in North America with the next largest holdings in Spain (13%), the UK (6%), France (6%) and Italy (6%). The ETF includes such Canadian names as TransCanada, Enbridge, BCE, and Telus.
The portfolio is rebalanced every quarter and has a management fee of 0.50%. The portfolio manager can lower volatility by writing call options on selected names to provide additional income.
In an interview as the fund was launched, Harvest CEO Michael Kovacs said the ETF fits Harvest’s philosophy of combining income, capital appreciation
“We know we are in the late stages of the economic
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