OAKVILLE, ON, Aug. 23, 2018 /CNW/ - Harvest Portfolios
Group Inc. ("Harvest") completed the quarterly rebalance of the
portfolio holdings of the Blockchain Technologies ETF ("HBLK") on
August 22, 2018.
HBLK, the largest and first Blockchain focused ETF to launch in
Canada seeks to replicate, to the
extent reasonably possible and before fees and expenses, the
performance of the Harvest Blockchain Technologies Index. The
Harvest Blockchain Technologies Index has been designed to track
the performance of issuers exposed to the development and
implementation of blockchain technologies. The ETF invests in
equity securities of issuers exposed, directly or indirectly, to
the development and implementation of blockchain and distributed
ledger technologies.
The Harvest Blockchain Technologies Index is rebalanced
quarterly and is composed of two segments, the Large Cap Blockchain
issuer segment and the Emerging Blockchain issuer segment. Full
details regarding the Harvest Blockchain Technology Index can be
found on the Harvest website www.harvestportfolios.com.
HBLK provides exposure to 10 core large cap technology companies
engaged in blockchain such as Visa Inc., Accenture PLC and SAP
SE. In the emerging segment there is currently 10 positions
commanding approximately 44% of the portfolio and holds positions
such as Global Blockchain Technologies Corp., Overstock.com Inc and
Mogo Finance Technology Inc. As the universe of pure dedicated
blockchain companies grows, the Index progressively shifts to being
100% focused on this segment.
"By replicating the Harvest Blockchain Technologies Index, HBLK
systematically shifts weightings as the Emerging Blockchain segment
develops while blending in large established technology companies
that are dedicating resources to blockchain technologies," said
Michael Kovacs, President and CEO of
Harvest. "We believe this portfolio structure is the intelligent
solution to invest in the blockchain evolution."
The updated HBLK portfolio can be found on the Harvest website:
www.harvestportfolios.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest Portfolios Group Inc. is a Canadian
Investment Fund Manager which offers an innovative suite of
exchange traded funds, mutual funds and publicly-listed structured
products designed to satisfy the long-term growth and income needs
of investors. We pride ourselves in creating trusted investment
solutions that meet the expectations of our investors.
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.
SOURCE Harvest Portfolios Group Inc.
