Harvest Files a Preliminary Prospectus for Two New ETFs
Harvest Portfolios Group Inc. ("Harvest") announced that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Equal Weight Global Utilities Income ETF ("HUTL") and Harvest Global Gold Giants Index ETF ("HGGG").
HUTL seeks to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the Global Utility Issuers directly. To achieve lower overall volatility of portfolio returns, the Harvest Equal Weight Global Utilities Income ETF will generally write covered call options on up to 33% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.
HGGG seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Gold Giants Index TR. HGGG primarily invests in large gold mining issuers that are listed on a regulated stock exchange in North America, Australia or in certain European countries.