Harvest launches global resources and U.S. bank ETFs

Morningstar Canada 5 February, 2018 | 10:00PM
Facebook Twitter LinkedIn

Harvest Portfolios Group Inc. has launched two actively managed exchange-traded funds, investing in global resources and U.S. bank stocks respectively. Both will employ covered-call options to reduce volatility and generate option-premium income.

Harvest Global Resource Leaders (HRES) and Harvest U.S. Bank Leaders Income (HUBL) opened for trading today on the Toronto Stock Exchange. Also offered are U.S.-dollar-denominated units of the U.S. banks ETF, trading under the symbol HUBL.U.

Harvest Global Resource Leaders will invest in an equally weighted portfolio of 20 to 30 resources stocks, each of which has a market capitalization of at least US$2 billion at the time of investment. The portfolio will be diversified by geography, by sub-sector and by commodity exposure. It will be rebalanced at least quarterly.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

About Author

Morningstar Canada

Morningstar Canada  

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy