OAKVILLE, ON, Jan. 14, 2021 /CNW/ - Harvest Portfolios Group
Inc. ("Harvest") is pleased to announce the completion of the
initial offering of Class A Units and Class U Units of the Harvest
Travel & Leisure Index ETF pursuant to a prospectus dated
January 7, 2021, filed with the
securities regulatory authorities in all of the Canadian provinces
and territories. The Class A Units of the Harvest Travel &
Leisure Index ETF will commence trading on the TSX today under the
following ticker symbol: TRVL:TSX and Class U Units of the Harvest
Travel & Leisure Index ETF will commence trading on the TSX
today under the following ticker symbol: TRVL.U:TSX. As
Canada's first travel & leisure index ETF, this innovative ETF
is designed to provide Canadian investors access to the diversified
travel and leisure sector.
The Harvest Travel & Leisure Index ETF seeks to replicate,
to the extent reasonably possible and before fees and expenses, the
performance of the Solactive Travel & Leisure Index. The
Harvest Travel & Leisure Index ETF primarily invests in large
capitalization issuers that own or operate travel related
businesses and are listed on a regulated stock exchange in
North America.
"TRVL is another first for Harvest in Canada and will provide investors with access
to some of the most prominent Travel and Leisure companies in the
world" said Michael Kovacs,
President and CEO of Harvest. "TRVL provides a low cost portfolio
that stands to benefit from a rebound in international travel as
the global economy recovers, as well as a demographic trend that
was well established prior to the recent Industry shut downs."
About Harvest
Founded in 2009, Harvest is a Canadian Investment Fund Manager
managing over $1 billion in assets
for Canadian Investors. Harvest offers an innovative suite of
exchange traded funds, mutual funds and publicly-listed structured
fund 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 ETF(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 ETF(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.