OAKVILLE, ON, Feb. 18, 2021 /CNW/ - Harvest Portfolios
Group Inc., manager of the Blockchain Technologies ETF ("HBLK"), is
pleased to announce a portfolio holdings update following the most
recent quarterly reconstitution. HBLK tracks the Harvest
Blockchain Technologies Index ("the Index"), a cross section of
dedicated blockchain and large capitalization technology companies
that are engaged in blockchain technologies. Over time,
as the universe of dedicated blockchain companies grows, the Index
will have progressively higher weightings towards that segment at
pre-defined stages.
"Three years since the launch of Canada's first Blockchain ETF, we are
delighted to see that this quarter the Index moved into stage 2,
representing a 65% weighting towards dedicated blockchain companies
across 25 North American listed securities and 35% allocated
towards 10 large capitalization technology companies.",
commented Michael Kovacs, President
& CEO of Harvest Portfolios Group Inc., "The global adoption of
Blockchain continues to gather momentum and HBLK is positioned
to progressively benefit from that growth".
HBLK portfolio holdings are rebalanced and reconstituted
quarterly. The updated portfolio constituents have been
posted to the Harvest Portfolios Group Inc. website and an advisor
only call has been set for today at 11:00 AM EST, details can be located
at www.harvestportfolios.com.
About Harvest Portfolios Group Inc.
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 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.
Certain statements included in this communication constitute
forward-looking statements. These forward looking statements are
subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. The Fund, Harvest and the Manager of the Fund
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.
SOURCE Harvest Portfolios Group Inc.
